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NATURALGAS ELLIOT WAVE COUNTSNATURALGAS has almost completed wave B of wave 2, possibly next wave C is ready to start unfolding soon, which can be confirmed by breaking support trendline, which could be aa good trigger point, Once it breaks support trendline then it can slide towards south directions near $ 7.500 zones, where wave C can complete equality with wave A. Negative divergence in both rsi and macd on hourly time frame 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.
RUS:NG1!Short
by RK_Chaarts
5
#USOIL it's possible to sell#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 support: 82.68 Next Zone area & horizontal swing Low support 1st Resistance 99.68 Zone area & horizontal swing high resistance
TVC:USOILShort
by Skandhatrade
What 1-hour chart says? Fundamental Development: Oil prices dipped on Friday after two days of gain, as market participants weighed worries about global economic slowdown - that could dampen fuel demand - against expectations of tighter supplies toward year-end. Brent crude futures fell 36 cents, or 0.4%, to $96.23 a barrel after settling 3.1% higher on Thursday. U.S. West Texas Intermediate crude was at $90.29 a barrel, down 21 cents, or 0.2%, following a 2.7% increase in the previous session. Still, the benchmark contracts headed for weekly losses of about 1.5%. U.S. CRUDE inventories fell sharply as the nation exported a record 5 million barrels of oil a day in the most recent week, with oil companies finding heavy demand from European nations looking to replace crude from warring Russia. Short Term Technical View: In 1-hour chart, XTIUSD is trading below middle line of Bollinger band indicator. As per RSI Indicator showing Weakness in 1-hour chart, XTIUSD pivot level is 89.15 as per today 1-hour chart, my view is sell on rise strategy is good for XTIUSD. Sell range of XTIUSD is 90 to 90.25 and there is very strong resistance zone at 91.50. Alternative Scenario: If XTIUSD will trade above 91.50 and sustain above in U.S. Session so it will be, give great opportunity to buy with the target of 93 with the stop loss of 89.
FXOPEN:XTIUSD
by RATONYCNC
#USOIL it's possible to sell#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 support: 82.68 Next Zone area & horizontal swing Low support 1st Resistance 99.68 Zone area & horizontal swing high resistance
TVC:USOILShort
by Skandhatrade
What 1-hour chart says? Fundamental Development: Oil prices little changed on Thursday as investors grappled with falling stockpiles in the United States, rising output from Russia and worries about a potential global recession. Brent crude futures climbed 15 cents, or 0.2%, to $93.80 a barrel. U.S. crude futures gained 4 cents, or 0.1%, to $88.15 a barrel. Prices rose more than 1% during the previous session, although Brent at one point fell to its lowest since February. Futures have fallen over the past few months, as investors have pored over economic data that has spurred concerns about a potential recession that could hurt energy demand. British consumer price inflation jumped to 10.1% in July, it is highest since February 1982, intensifying a squeeze on households. Short Term Technical View: In 1-hour chart, XTIUSD is trading at middle line of Bollinger band indicator. As per RSI Indicator showing Weakness in 1-hour chart, XTIUSD pivot level is 87 as per today 1-hour chart, my view is sell on rise strategy is good for XTIUSD. Sell range of XTIUSD is 88.25 to 88.50 and there is very strong resistance zone at 89.50. Alternative Scenario: If XTIUSD will trade above 89.50 and sustain above in U.S. Session so it will be, give great opportunity to buy with the target of 90.50 with the stop loss of 88.50.
FXOPEN:XTIUSD
by RATONYCNC
What 1-hour chart says? Fundamental Development: Oil prices rose over $1 on Wednesday, rebounding from six-month lows hit the previous day, as an unexpectedly large drop in U.S. oil and gasoline stocks reminded investors that demand remains firm, if overshadowed by the prospect of a global recession. Brent crude futures were last up 82 cents, or 0.9%, to $93.16 a barrel. West Texas Intermediate (WTI) crude futures also rose 85 cents, or 1%, to $87.38 a barrel. The contracts slumped about 3% on Tuesday as weak U.S. housing starts data spurred concerns about a potential global recession. U.S. crude and fuel stocks fell in the latest week, according to market sources citing American Petroleum Institute figures on Tuesday. Short Term Technical View: In 1-hour chart, XTIUSD is trading at middle line of Bollinger band indicator. As per RSI Indicator showing Weakness in 1-hour chart, XTIUSD pivot level is 87.50 as per today 1-hour chart, my view is sell on rise strategy is good for XTIUSD. Sell range of XTIUSD is 87.50 to 87.75 and there is very strong resistance zone at 89. Alternative Scenario: If XTIUSD will trade above 89 and sustain above in U.S. Session so it will be, give great opportunity to buy with the target of 91 with the stop loss of 87.50. (Note- Crude oil inventory at 8 PM IST)
FXOPEN:XTIUSD
by RATONYCNC
What 1-hour chart says? Fundamental Development: Oil prices fell on Tuesday as bleak economic data from top crude buyer China renewed fears of a global recession. Brent crude futures fell 73 cents, or 0.8%, to $94.37 a barrel by. WTI crude futures dipped 44 cents, or 0.5%, to $88.97 a barrel. Oil futures fell about 3% during the previous session. China's central bank cut lending rates to revive demand as the economy slowed unexpectedly in July, with factory and retail activity squeezed by Beijing's zero-COVID policy and a property crisis. China's fuel product exports expected to rebound in August to near a year high after Beijing issued more quotas, adding pressure to already-cooling refining margins. Market participants awaited industry data on U.S. crude stockpiles due later on Tuesday. Oil and gasoline stockpiles likely fell last week, while distillate inventories raised, a preliminary Reuters poll showed on Monday. Short Term Technical View: In 1-hour chart, XTIUSD is trading at middle line of Bollinger band indicator. As per RSI Indicator showing bullishness in 1-hour chart, XTIUSD pivot level is 88.40 as per today 1-hour chart, my view is buy in dip strategy is good for XTIUSD. Buy range of XTIUSD is 87.50 to 87.25 and there is very strong support zone at 86. Alternative Scenario: If XTIUSD will trade below 86 and sustain below in U.S. Session so it will be, give great opportunity to sell with the target of 84.50 with the stop loss of 87.50.
FXOPEN:XTIUSD
by RATONYCNC
#USOIL it's possible to sell#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 support: 82.68 Next Zone area & horizontal swing Low support 1st Resistance 99.68 Zone area & horizontal swing high resistance
TVC:USOILShort
by Skandhatrade
What 1-hour chart says? Fundamental Development: Oil prices pulled back slightly on Tuesday on the latest progress in final talks to revive the 2015 Iran nuclear accord, which would clear the way to boost its crude exports in a tight market. Brent crude futures fell 14 cents, or 0.1%, to $96.51 a barrel, paring a 1.8% gain from the previous session. U.S. West Texas Intermediate (WTI) crude futures declined 16 cents, or 0.2%, to $90.60 a barrel, after climbing 2% in the previous session. The European Union late on Monday put forward a "final" text to revive the 2015 Iran nuclear deal, awaiting approvals from Washington and Tehran. A senior EU official said a final decision on the proposal expected within "very, very few weeks". The oil market has remained under pressure recently over global recession fears, with Brent prices suffering their biggest weekly drop last week. Short Term Technical View: In 1-hour chart, XTIUSD is trading at middle line of Bollinger band indicator. As per RSI Indicator showing bullishness in 1-hour chart, XTIUSD pivot level is 88.65 as per today 1-hour chart, my view is buy in dip strategy is good for XTIUSD. Buy range of XTIUSD is 88.65 to 88.51 and there is very strong support zone at 86.50. Alternative Scenario: If XTIUSD will trade below 86.50 and sustain below in U.S. Session so it will be, give great opportunity to sell with the target of 85 with the stop loss of 88.
FXOPEN:XTIUSD
by RATONYCNC
USDCAD bears aim for 100-DMA inside 10-month-old rising channelUSDCAD extends the week-start pullback from a three-week high inside an upward sloping trend channel established since late October 2021. Given the downbeat RSI and the bearish MACD signals, the Loonie pair is likely to remain pressured inside the bullish chart formation. However, the 100-DMA support near 1.2785 could challenge the bears. Also acting as a downside filter are the 50% and 61.8% Fibonacci retracements of October 2021 to July 2022 upside, respectively near 1.2755 and 1.2640. In a case where the pair drops below 1.2640 support, the bears could well challenge the bullish pattern while poking the 1.2570 key support. Alternatively, recovery moves could aim for the latest swing high near 1.2985 and the 1.3000 psychological magnet. Following that, multiple tops marked near 1.3075-80 could challenge the USDCAD bulls. However, the aforementioned channel’s resistance line, close to 1.3150 will be a tough nut to crack for the buyers afterward. Even if the pair rises past 1.3150, the latest swing high surrounding 1.3230 will be in focus. Overall, USDCAD remains on the bull’s radar but intermediate pullbacks can’t be ruled out.
by MTradingGlobal