Energy Commodities
Crude oil CMP 82.72 $ buy above handle closing basis Target - 8Crude oil CMP 82.72 $
buy above handle closing basis Target - 85- 87- 89+
Sl 80$
AUDJPY ANALYSIS we have predicted this pair and we can see that it can go 132 pips dow from here and then moving up 90 pips and can go till 334 pips up but let us first see the running course of it for now and i hope with this trade you will be able to assist yourself better with our guidance towards the movement of the trade and will make a fortune out of it
EURUAD ANALYSIS WE have predicted this pair and we would like to buy this trade for now till 170 pips up and then sell it from there till 300 pips dowm which is the minimum
GBPUSD BULISH we are expecting gbpusd to go up 90 pips up for now
hpe you will take full advantage of the analysis and make fortune ut of it
Brent Crude ready to come back $100+ ClubOn Trendline breakout Brent Crude possible to come back again to $100+ club
US oil - Crude oil Elliot wave countAs per wave structure wave 1 and wave 2 of bigger degree has been completed and now, possibly we are unfolding smaller degree wave 1 of bigger degree wave 3.
It has given breakout with good intensity of volumes on hourly chart. Well, Overall crude oil is looking good to go long at these levels with stop loss of $ 85.70, for Targets of $ 90, 92, 93.70, 97.86, 100.71, and up to 105.
Breakout with good intensity of volume
MACD already positive and uptick and also above zero line on hourly time frame
MACD uptick and now positive crossing on daily time frame
RSI uptick on hourly time frame
RK's mass psychological cloud suggesting to Buy now or Buy on Dips (if any)
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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.
USOILUSOIL
Chart Pattern - Symmetrical Triangle
Chart Pattern Type - Continuation Pattern
Time frame - 15 min
Taking support from lower trend line.
This chart is for educational purpose only. No trades are recommended
#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
Analysis of Nifty Energy Weekly Chart by Heikin Ashi and Renko The energy index looks bullish on weekly charts as there are no signs of weakness.
As the Heikin Ashi chart has been making green candles also the structure of the chart is good.
The overall feel of the chart is good.
On daily charts the price is on the bottom of parallel channel and on the same pivots.
Renko is also making a green brick.
The stock may face high volatility on lower time frames. But from these levels the downside is less.
Crude oil trends to be bullish once it crosses 91.62As we could see that in the last week the crude oil has broke the descending channel break out and gave a bullish movement and now the retrace too has been given. So once the price closes above 91.62 in four hours or in daily cancel then the price would go to 97, 101 and don on. So kindly take ur own analysis and start ur tradings.
#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
Crude Hourly Chart...can take supportCrude can take support in hourly chart as done earlier. keep watch.
Crude Oil Next Half Session 5PM 30august2022Next session possibilities.
Crude Oil Next Half Session 5PM 30august2022
Crude Oil End of Day Closing Live Analysis for Tuesday 30august2Idea on base of closing point at ending session of today 29august2022.
MCX Natural Gas is high but avoid sell and holdNatural gas futures in MCX and NYMEX is touching new highs day by day and may create temptation for derivative traders to sell and hold by looking at the premium in price. Price may stay higher for quiet some time and may touch 900 in MCX. Fundamental factors and political stress are supporting NG price at this moment. So short term buying is better preferred and selling need a confirmation that will be published here on a later time.
#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
Inverse Head & Shoulder pattern in Natural Gas - Daily TFA similar pattern can be seen in the Daily time frame as well. A basic estimate says that the target should be achieved by early November i.e. onset of Winter when the demand will begin to peak (common sense ;)).
This looks likely until Russia opens up its heart (read supply).
Inverse Head and Shoulder pattern in Natural gas -1hr time frameNatural gas is given the Inverse Head and Shoulder pattern. Price broke out from the neck line and has retraced. This pattern will become more sustainable and powerful if we see another rally on the upside thereby confirming the greater chances of successful completion of the pattern. Fundamentally, natural gas prices are bound to go up given the shortage of it in European Markets arising due to bottlenecks in production and supply of it from Russia. Hence, this could be a great opportunity to go long once the upside is confirmed.
Note: If prices go below the right shoulder before it goes up, this pattern can be ignored.
What 1-hour chart says? Fundamental Development: Oil prices fell on Wednesday, taking a breather from a near 4% surge the previous day, on receding fears of an imminent output cut by the Organization of the Petroleum Exporting Countries and allies, a group known as OPEC+. Global benchmark Brent crude futures fell 40 cents, or 0.4%, to $99.82 a barrel, after rising 3.9% on Tuesday. The U.S. West Texas Intermediate crude futures contract was down 27 cents, or 0.29%, at $93.47 a barrel, having jumped 3.7% the previous day. Both contracts soared on Tuesday after the energy minister of de facto OPEC leader Saudi Arabia flagged the possibility of supply cuts to balance a market it described as "schizophrenic", with the paper and physical markets becoming increasingly disconnected.
Short Term Technical View: In daily chart XTIUSD is trading below 200 SMA & in 1-hour chart, XTIUSD is trading above middle line of Bollinger band indicator. As per RSI Indicator showing bullishness in 1-hour chart, XTIUSD pivot level is 92.75 as per today 1-hour chart, my view is buy on dip strategy is good for XTIUSD. Buy range of XTIUSD is 92.75 to 92.50 and there is very strong support zone at 91.50.
Alternative Scenario: If XTIUSD will trade above 91.50 and sustain below in U.S. Session so it will be, give great opportunity to sell with the target of 90 with the stop loss of 92.75. (Note: Crude oil inventories at 8 PM IST)
Natural Gas Support and resistance level for 24.08.2022Plot the the levels in your chart. Draw fib level from support and resistance . Please refer chart for fib level. Fib level range should be 9 am to 11:30 PM.
If price crosses fib trendline(Dash line) will consider as upside break out. If price reject from there will consider to fall below.
if one support or resistance line broken maximum target will be 1.272 or 1.1618 fib level. Moving above 1.618 fib level is very rare scenario.
Effect of crude oilBrent crude oil has crossed the mark of 99 , since we know that the rise in oil prices leads to pressurization in paint prices,
Asian paint looks weak though. enter as previous day low breaks for the target of 3281 and 3188.
I am not sebi registered , you are responsible for your profits and losses.
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.
