Crude, will we see new lows soon?Breakdown of a symmetric triangle might cause the crude to see levels of 55 soon.
Energy Commodities
Crude oil breakdownHi
The PA suggests that the crude is good to short right now. I had missed the opportunity to short the previous breakdown (which you can see in the trailing chart).
I made the chart well before but kept sleeping on it. Nevertheless, currently I am short on a 15 min timeframe.
Will review it on one hour later.
Possible Target Achieved for Crude OilAs analyzed earlier. Targets achieved with small Sl and Good Target Points.
My view on CrudeoilCrudeoil forming inverse head & shoulder
Looking tgt 6600-6650-6700
in very short term👆
Keeping on radar Crudeoil 6500 CE feb
Let see👍
Brent head and shoulderBrent is at H&S breakdown at 83.97
Wait for confimation drop below 83.50 and volume spike
Target 79
Please do your own research before investing.
Natural Gas Elliott Wave CountNG can bottom around 3.55 (Wave 4 low)-3.27 (78% fall of previous impulse)
Is 220 coming in Natural Gas???Natural gas is posed to join the downward channel from highs. With a breakdowndown of H&S pattern, the NG can plunge to almost level of 220, which should act as strong support to take back the price to 500 levels.
Buy above 375 if it breaks. Sell below 375 level for one and only target 220.
Next only Buy level is 220.
Crudeoil reversal zones 30-1-2023Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles).
(Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). Please understand that market can break all the support and resistance anytime. If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk. #crudeoil
RSI based Crude Oil StrategyRSI Based Strategy on commodity.
We can use RSI in two timeframe to identify Bullish and bearish sentiments.
5 & 15 Mins timeframe is best for intraday Trading.
Add two set of chart of RSI and make upper rsi band at 60 and lower rsi band at 40.
In 15 min timeframe, if upper band value greater than 60.it means we have to find out buy trade. And RSI lower band is less than 40, we have to find out sell trade.
Natural gas reversal zones 27-1-2023Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles).
(Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). Please understand that market can break all the support and resistance anytime. If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk. #NG, #Naturalgas
Crudeoil reversal zones 27-1-2023Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles).
(Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). Please understand that market can break all the support and resistance anytime. If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk. #crudeoil
XNGUSD, Bullish MomentXNGUSD, Taken Support in D1 time Frame, Now, bullish moment is possible and seems very from this point.
INTERMARKET DIVERGENCE CRUDE & NIFTYInter Market Divergence btwn CURRENCYCOM:OIL_CRUDE and NSE:NIFTY suggesting we are nearing the end of corrective phase.
A Bullish Trend reversal likely ahead. As per Elliott Waves and Inter Market Analysis.
#Elliottwave
Natural Gas - long opportunityThe chart seems to suggest that there would be a potential breakout from the current position.
Best would be to wait for a confirmation at the close of the 4 hr timeframe.
Crude Oil looks Extremely BullishCrude is bouncing from a very good Demand Zone in WEEK Time Frame and is near to the neckline of Inverted H&S in DAY Time Frame.
Buy when Breakout above Neckline
Buy above 6750
Tgt 7250 - 7600
SL 6500
Disclaimer: These are my personal views and are for Educational purposes & paper trade only. Please analyse yourself also and consult your financial advisor before investing.
EWT – Is Natural Gas Prepared for a Reversal?In our previous article, we discussed impulsive wave C and its continuation. On 20 January 2023 , Price achieved our all given targets.
Click here -
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Timeframe :
MCX Natural gas has accomplished the corrective wave B and started falling for impulsive wave C. Price has given a reversal from previous wave C, but it is no conclusive evidence that it has completed wave c.
When it comes to confirmation, Traders should watch the level of 313 . If the price breaks out the 313 , it will enter into the parallel channel. Traders can buy for the following targets: 321 – 340 – 366 .
Don’t forget prices are moving outside the channel, which is a negative point for bull traders. Bearish continuation is possible if the price sustains below wave (4).
I will update further information soon.
Naturalgas reversal zones - 23-1-2023Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles).
(Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). Please understand that market can break all the support and resistance anytime. If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk. #NG, #Naturalgas
Crudeoil reversal zones - 231-2023Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles).
(Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). Please understand that market can break all the support and resistance anytime. If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk. #crudeoil
Natural GasNatural Gas
Reversal at 300 levels
Downtrend Reversal observed
Near 20 and 50 EMA crossover
Resistance level - 318, 350, 400
Final Target of 400
SL - 300
This chart is only for educational purpose
Natural GasNatural Gas
The Symmetrical Triangle Pattern
Price range is 43 points for pattern either side.
Resistance is 307.70.
Upside target is 350.70.
Support is 295.30.
Downside target is 252.30.
Crude Oil - Lets Wait for a DirectionCrude Oil. Bearish Case :-
Narrow Weekly Bar. Weekly MA Resistance. Daily RSI Resistance Zone. Weekly TL Resistance
Bullish Case :
COT reports JUST Started turning Bullish. Bullish Daily and Weekly Momentum.
So overall scenario is still confusing.
Ideal case will be to attempt ONE more Leg down and then UP. But, that is not a necessity. So waiting for a concrete resolution of direction.
Daily Close above 81.25 may be helpful for bullish case
crude oilCrude weekly bottom with deep crab then upside 2.41% level
now completed reciprocal ab=cd with previous support area
in 4 hour try to forming head and shoulder pattern
Buy suggested above the closing of 6760 for the target of 7663-8556-9399-10005
holding trade.
