FCPO has been on the downside for an extended period, corrected huge. now we are looking for upside movement. as one can see RSI is also supportive, it may turn upside anytime soon.
Hello, Welcome to the quick update on CRUDE OIL FUTURES. It is currently trading at Rs 6430. After making a rally, it is currently retesting the last support. We can see that it has taken support from Rs 6314 and it is acting as a strong support. We can take a long position in this future with a target of 6487, 6571, and 6715 for the short term and a long-term...
#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...
Hello, This is a weekly chart of Natural Gas - on MCX. Weekly Macd is above zero line. Holding recent lows, cud trigger a good upside in NG in coming days/weeks. Probable target is around 750. SL for the trade would be around 450/435. CMP - 501. It seems a disaster for european countries is on its way in coming weeks. if this stands true.
Hello Traders, Hope you all are doing good!! I expect USOIL to go UP after finishing this correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can...
Natural Gas Resistance Level is 495 & 520 & crucial Support Level is 465
I think Natural gas is forming lower high formation and flat lower formation . Time analysis is saying about down trend cycle. Major Fall expecting. I have taken 2 time period time for time analysis.
Resistance level: 7035 Support level : 6915 ****Fib Retracement levels will act as the support or resistance**** If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles are...
CRUDE OIL JUST rejects the breakout level of 7250, continuously falling till 7000 . The next IMPORTANT SUPPORT is 6900 ; below it, we can see the level of 6780 to 6700 . ABOVE important RESISTANCE is 7250 only above that we can see some buying. BEFORE that we can look for SELL on RISE
Is MCX crude oil downtrend a trap? According to the Elliott Wave analysis on the crude oil daily chart, it has completed wave (4) and trying to move out from the Parallel channel’s (PC) control line (CL). If that successfully remains above CL, crude oil prices will hike from CL to the resistance line of the PC. That’s a direct call for target levels of 7800 –...
For Crude Oil demand and supply zones are marked. If market rejects at demand zone , then a high probability buy trade can be initiated, rather in case of supply zone a sell trade. You must have a good candlestick knowledge in order to utilize the zones at the best. You can even learn it from us. don't forget to look for PriceActionMonk.
Natural Gas Chart Looking Bearish as appeared in chart
Resistance level: 7180 Support level : 7103 ****Fib Retracement levels will act as the support or resistance**** If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles are...
CFTC publishes on a weekly basis COT reports in 3 formats - Legacy, Disaggregated, Financials. www.cftc.gov Big financial / commodity / currency traders keep a watch on this data on a weekly basis. All futures traders should also track this data. To make it easy to consume, I created 3 indicators to consume this information in a simple...
For Crude Oil demand and supply zones are marked. If market rejects at demand zone , then a high probability buy trade can be initiated, rather in case of supply zone a sell trade. You must have a good candlestick knowledge in order to utilize the zones at the best. You can even learn it from us. don't forget to look for PriceActionMonk.
Comment below your view on CNX Energy sector will it break the trend line....?
Resistance level: 7094 Support level : 7038 ****Fib Retracement levels will act as the support or resistance**** If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles are...
Wait for order filling at the 7100 range to move up. It will enter zone by 11th Nov 2022.