NG can bottom around 3.55 (Wave 4 low)-3.27 (78% fall of previous impulse)
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.
Note: 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 -...
RSI 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...
Note: 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 -...
Note: 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 -...
XNGUSD, Taken Support in D1 time Frame, Now, bullish moment is possible and seems very from this point.
Inter 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
SELL CRUDEOIL sell 6565 sl 6581 tgt 6510 /6450 the level is breached and given sell
The 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 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...
In our previous article, we discussed impulsive wave C and its continuation. On 20 January 2023 , Price achieved our all given targets. Click here - ----------------------------------------------------- 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,...
Note: 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 -...
Note: 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 -...
Natural 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 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. 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...
Crude 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.