Energy Commodities
usoil is going through complex correctionwe can see usoil is going through complex correction, moving in set of 3 waves. creating difficulty for the traders to find a good RR trade. since it have bounced back from new low last night its its expected to move to 71$ and make a fall again. good place to sell would be around the given area of interest.
WTI #CrudeOilWTI has broken parallel channel and this may be painful. hope it may takes support at line mentioned
JSW ENERGY --SWING TRADE JSW ENERGY --DAILY CHART --SWING TRADE SETUP
1. JSW ENERGY Bullish technical indicators on Daily Chart setup
2. support form around 210 sub level after strong pullback towards 280 sub level, recently stock correct 245 sub level which is 50% around Fibonacci retrenchment from recent top 280.
3. support level 245 retest at cmp which is good entry level for swing - positional trade for target 260-280-300 stop loss bellow trendline mark in yellow at 218
4. Entry 245 level
5. stock trading above 24,35,200 HMA
6. CCI , ema AT center line , crossover from center line will be good upmove .
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. ** Trade at own Risk
HAPPY TRADING . !!
Naturalgas DOWNTREND Movement potential
Symbol Naturalgas
Timeframe 15 min
Analysis: MACD s crossing below zero.
We can expect a target upt0 2.1, SL 2.4
HOPE our analysis is adding value to your Trading Journey.
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
NATURAL GAS S/R ZINES FROM 278 TO 129MCX:NATURALGAS1! NATURAL GAS is at yearly to minthly buying / support zones, can commense major trend reversal on monthly, quarerly and yearly time frame, major s/r levels till 278 targets have been marked along with s/r level till 129 if doeas go downside.
respect the zones and trade only if you know how to trade the support/resistance areas effectively.
quick trade short crude for 6500 zoneMCX:CRUDEOIL1! short crude till 6500 zone, beyond that 6000 level ready .
Elliott wave counts of USOIL and Fibonacci levels (up, down, up)Hello Friends, here we had shared possible Elliott wave counts of USOIL CRUDEOIL chart on hourly time frame, which is suggesting we are currently in impulse wave of some degree, in which we had completed (i)-(ii)-(iii)-(iv) and now possibly we are unfolding wave (v) of bigger degree wave 1, in this scenario we had seen that wave (iii) has been extended and clearly showing subdivisions inside it and also shown gap up as its nature, so we can assume that wave (v) can go up to equality of wave (i) which is showing price level of near $ 86.75, post completion of it, we can start retracement as a wave 2 in a-b-c pattern, that correction could get support at that same gap which we got gap up in wave (iii) so it can provide good support and as per Fibonacci measurements 50% retracement of entire rally also meets that same level of gap support which is pegged at $ 75.50, which can make that support more stronger. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Overall crude oil is looking bullish right now then little down to unfold wave 2 and then again up to unfold wave 3.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
CRUDEOIL to hit 7000/7100 levelMCX:CRUDEOIL1! CRUDEOIL target levels , important support will be the blue zone, can blast if breaks and sustains above 6739 level.
Naturalgas downtrend movement potential with risk:reward 2.9 Naturalgas downtrend movement potential with risk:reward 2.9
Symbol:Natural gas
Time frame:15 minutes
Analysis: After breaking out from the range, the natural gas price rallied up, and now the price is again coming inside the range. So, we can expect downtrend movement of natural gas if and only if MACD value crosses below zero. SELL at 2.13 with stop loss of 2.30 and the target is 1.860 .
HOPE our analysis is adding value to your Trading Journey.
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
Crude Oil- BULLISH CONTINUATION!Attached: Crude Oil Daily Live Market Chart
On Sunday 2nd April 2023, Saudi Arabia and other OPEC+ oil producers announced further oil output cuts of around 1.16 million barrels per day.
Top OPEC producer Saudi Arabia said it would cut output by 500,000 bpd.
And due to this Surprise Output Cut, the Next Day itself Oil Prices Gapped Up and Closed Up 6.16% (+ 4.66 dollars)
Following that Prices have consolidated for 4 days giving Inside Bars, holding the Gap Zone
Today, Price is finally some some Buying Action
It appears that the Gap Up is a Breakaway Gap and now Oil Prices are ready to Break Out of the 4 day Consolidation
Looking at Moving Averages:
20 EMA has crossed above 50 EMA giving a Buy Signal
Price is consolidating right below 200 EMA and once its Breaks above it, Price is to Accelerate on the Upside
LEVELS:
Current Market Price= $ 81.40
Upside Target:
$ 92 to $ 100
Stop Loss:
below $ 79
....................................
Crude oil OR USOIL analysis . Crude oil analysis .
Symbol :Crude oil or USOIL
Time frame: 15 minutes
Analysis: There is a gap up in crude oil and from last 10 days, the price is in a consolidation.So, if the price crosses above 81,then we can expect a target up to 84 with MacD crossing above zero . If the price crosses below 79.3 then we can expect a target up to 76.3 with MACD crossing below
ZERO.so this is all about the analysis of crude oil.
crude eys on 79$ mcx 6500 stya blw dwn side 6430crude eys on 79$ mcx 6500 stya blw dwn side 6430--- yes chart pattern will active there if hold av 79 or 6500 thna once mkt again dedcat bounce-- dontmiss chart pattern in live hrssss stya connect or may know for chart pattern
USOIL CRUDE OIL possible Elliot wave countsHello Friends, here we had shared possible Elliot wave counts with our view on US OIL - CRUDE OIL, in which we are waiting for further confirmation to confirm the TREND as per Elliot wave structure, we are possibly at the ending of wave ((2)) corrections or may have started wave ((3)), let's wait to confirm by chart itself, so possibilities of wave counts have been discussed in details in this video study, one can observe it in live market as per study discussed in this video study, I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Thanks
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
usoil BuyCAPITALCOM:OIL_CRUDE
As you can see that usoil has formed Trendline and rejecting support level also breakout may happens Either side Wait for it, Take retest entry because to avoid fake breakout. plan your trade accordingly..
CRUDEOIL to hit 7000/7100 levelMCX:CRUDEOIL1! crude can give massive breakout it breaks 6793 level which weekly strong resistance since november 2022,
if crude manages to break abd sutain above first hurdle of 6649, then we can expect it to hit 6738/6793 level quickly and above that the mega movement will soon follow.
crude keep tight sl 6812 or sell 6700 blw any risecrude keep tight sl 6812 or sell blw 6700 any rise soon 6500--6300-6200 ye sell on rise with sl
COAL INDIAHi guys, In this chart i Drew My Best Levels in COAL INDIA for short position using 15M Time frames....I am in a downtrend right now so shorting is better, I found a good level here. I Observed these Levels based on price action and Demand & Supply which is My Own Concept Called "PENDAM ZONES" ... Don't Take any trades based on this chart/Post...because this chart is for educational purpose only not for Buy or Sell Recommendation.. Thank Q
NaturalGas Possible Elliot wave counts (up than down & again up)Hello Friends, here we had shared possible Elliot wave counts of NaturalGas on weekly time frame to daily, 4hourly and hourly time frames which seems aligned with each other, so the conviction increases.
Well, on weekly time frame it seems that post impulse move, currently we are unfolding correction which is already at werge of completion, after A,B we are now in wave C, in which we had already done wave 1-2-3-4 of one lower degree, and now possibly we are unfolding wave 5th of C, and in wave 5th we had done wave i of lower degree and possibly we are unfolding wave ii of 5th of C, still wave iii, iv, and v are pending to complete wave 5th of wave C, which should not go below $ 1.529, because its an initial level of bigger degree wave ((1)) and as per wave principals, wave ((2)) should not retrace more than 100% of wave ((1)), so post completion of wave C we can assume that correction to be finish and hopefully fresh impulse up move should start towards north direction for long term.
Overall very soon we should start fresh impulse for long term along with invalidation level of $ 1.529
One can wait for dips to complete wave 5th of C of bigger wave ((2)) to grab an opportunities to find best entry to go long, so we should have to ride only in right direction because right direction is always more important and better then speed. I am not sebi registered analyst, My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Possible wave counts on weekly chart
Possible wave counts on daily chart
Possible wave counts on 4 hourly chart
Possible wave counts on hourly chart
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Natural Gas UpmoveNatural Gas Upmove
After a downmove of too long currently at a small support levels of 180. Strong Support base at 130 levels.
Expecting upmove in the near term to mid term of 265- 370 levels .
No recommendations, just my view based on the chart.
NATURALGAS UPWARD MOVEMENT POTENTIAL with RISK:REWARD 2.1Natural gas analysis what is the analysis
time frame Taken 2 hours
Upward moment potential
There is a break out from the downtrend movement and we can observe two times rejections at the trend line and a third time it's rallying upside. So, we can consider the BUY call above the candle closes with RISK:reward=2.
BUY at 2.24 wit stop loss 2.08 and the target at 2.48.
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
