Expanding wedge pattern formation, similar to crude in 2008, i'm looking to short positionally for half the price... Any news developments to support these charts? #commodities #energy #ng
As you can see clearly, Natural Gas is going for Head & Shoulder Breakdown and can CRACK heavily
There are multiples Head and Shoulder pattern seen in Natural gas in Daily and Weekly timeframe make us feel bearish below 436
NATURAL GAS FUTURES An ascending triangle is a technical analysis chart pattern that occurs when the price of an asset fluctuates between a horizontal upper trendline and an upward-sloping lower trendline.
MCX:NATURALGAS1! Weekly charts forming probably head and shoulder at top and trading at right shoulder. Risk reward is very good at current levels. Macd 10,16,9 below zero line.
Crude oil likely to go higher from strong support levels. MCX:CRUDEOIL1!
HI Traders , Usoil intraday buy setup .. This iis corrective wave trade.. So trade carefully ..
NATURALGAS after a big fall in last week , has given a signal of BUY candle TWT_SUPER_POINT has captured this point and has alerted for the same.
It is Bullish Buttrfly pattern seen crudeoil daily tf can give good reversal from 5906 zone marked in the chart. 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. If you follow diagonal trendlines you can take entry and exit easily. (Color code for...
As per my analysis, I have seen that crudeoil is travelling between this parallel channel from a long time and respecting the levels. I am expecting more downside in the upcoming days in case bottom blueline will be break, please comment below your views about this analysis. If you have any query, please feel free to post in comment section. Disclaimer :...
Crude oil is currently trading in a range between 6000 and 6100. If it crosses that threshold, it will reach 6200, 6300, or 6500. If it drops the 6000 barriers and holds it, it will hit 5800-5700 -5500 in the coming days.
#USOIL waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance...
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. (Color code for horizontal lines: Red - Sell, Green - Buy, Blue - targets, Black - SL). If any doubt for take entry in price action patterns, please ask in comment box, i will try to help. Disclaimer: Im not...
NATURAL GAS is now trading near 6.3 level which has acted as a strong support multiple times. The support has been highlighted in the Image in red circles. If NG makes a rejection from 6.370 level and then gives a close above 6.840 we can initiate a BUY/LONG position with FIRST TARGET as 7.190, SECOND TARGET as 8.090 and THIRD TARGET as 9.630. STOPLOSS can be kept...
#USOIL for Price trading the 4hr resistance area and waiting for bearish candlestick formation in resistance area and the next candle close below the previous candle its will move to the next level support Why we like it Price trading the 4hr resistance moving to the next level support waiting for bearish candlestick formation Trading in channel 1st...
Buy coal India for the target of 269 above 212 with stop loss of 185 -we can see a cup and handle pattern on charts - resistance - 212 Thanks
A short-term reversal move can be expected due to profit booking. The market has also peaked and there is a chance for the crude price to increase in the coming weeks. This can also affect the stock price adversely.
Oil Price is expected to average at around $92 within a few weeks. Then depending on the global cues at that time we can have a much clear idea about whether it is going to rally further or crash. This is going to affect the profitability of the oil stocks in India and will affect their share price adversely. www.thebalancemoney.com