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Energy Commodities

What 1-hour chart says? Fundamental Development: Oil was up on Monday morning in Asia as investors are looking for more clues from the G7 meeting this week on Russian oil exports and a revival of the Iran nuclear deal. Brent oil futures inched up 0.06% to $109.16 and crude oil WTI futures stabilized at $107.62. Oil prices remained well supported above $100 a barrel as crude and oil product supplies remained tight after the West posed sanctions on Russian oil. Leaders of the Group of Seven (G7) expected to discuss ways to tackle rising energy prices. Measures include a possible price cap on Russian crude and oil products exports, which might curb Russia’s revenue and at the same time reduce the damage to other economies. 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 105.45. As per today 1-hour chart, my view is sell on rise strategy is good for XTIUSD. Sell range of XTIUSD is 107 to 107.25 and there is very strong resistance zone at 108.50. Alternative Scenario: If XTIUSD will trade above 108.50 and sustain above in U.S. Session so it will be, give great opportunity to buy with the target of 109.95 with the stop loss of 107.50.
FXOPEN:XTIUSD
by RATONYCNC
JSW ENERGY -- INTRADAY SETUP - 27/06/2022JSW ENERGY -- HOURLY CHART -- INTRADAY SETUP --27/06/2022 1. trendline breakout seen at hourly chart, last hourly candle is trendline breakout candle. 2. stock seen above 44 SMA, above adaptive moving avg, above 200 hull moving avg. 3. Stock seen trading at upper channal on hourly chart, currently taken lower support at channel 4. RSI on daily chart move above 30 from extream oversold level 5. Daily chart also indicate uptrend after sharp fall above 212 level 6. on intraday buy at current level @ 208 for target 210-215-220 stop loss 802 7. intraday support 205 resistance 215-220 ** THIS IDEA IS FOR EDUCATIONAL PURPOSE ** trade at own risk !! HAPPY TRADING !
NSE:JSWENERGYLong
by champtrade111
Simple Trade Setup | CRUDEOIL [JULY22 FUTURE CONTRACT] |INTRADAYMCX:CRUDEOILN2022 b]Trade Setup for 27-06-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
MCX:CRUDEOIL1!
by Trading_hawk
What 1-hour chart says? Fundamental Development: Oil was down on Friday morning in Asia as fears of slower demand from slowing U.S. economic growth and supply concerns weighed on the market. Brent oil futures inched down 0.09% to $109.94 and crude oil WTI futures gained 0.14% to $104.42. The Organization of the Petroleum Exporting Countries and allies (OPEC+) producers including Russia will likely stick to a plan to increase output by 648,000 barrels a day in August, which is hoping to bring down crude prices as U.S. President Joe Biden plans to visit Saudi Arabia, according to Reuters. Wednesday’s U.S. crude supply data from the American Petroleum Institute showed a build of 5.607 million barrels for the week ended June 17. 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 103.75. As per today 1 hour chart my view is sell on rise, this strategy is good for XTIUSD. Sell range of XTIUSD is 104.75 to 105 and there is very strong resistance zone at 106. Alternative Scenario: If XTIUSD will trade above 106 and sustain above in U.S. Session so it will be, give great opportunity to buy with the target of 108.64 with the stop loss of 104.75.
FXOPEN:XTIUSD
by RATONYCNC
What 1-hour chart says? Fundamental Development: Oil was down on Thursday morning in Asia as investors are worried that tightening monetary policy could trigger a recession and dampen fuel demand. Brent oil futures fell 2.31% to $109.16. In addition, crude oil WTI futures divided 2.61% to $103.42. Investors are concerned about a recession caused by tightening monetary policy. U.S. Federal Reserve is not trying to trigger a recession to tame inflation but is fully committed to bringing down prices, Fed Chair Jerome Powell said on Wednesday. U.S. President Joe Biden called on Congress to suspend a federal tax on gasoline to bring down soaring fuel prices and offer some relief to American families before summer peak. Short Term Technical View: 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 104.35. As per my view buy on dip, strategy is good for XTIUSD. Buy range of XTIUSD is 103 to 102.75 and there is very strong resistance zone at 102. Alternative Scenario: If XTIUSD will trade below 102 and sustain above in U.S. Session so it will be, give great opportunity to sell with the target of 100 with the stop loss of 103.25.
FXOPEN:XTIUSD
by RATONYCNC
What 1-hour chart says? Fundamental Development: Oil was down on Wednesday morning in Asia as U.S. President Joe Biden is set to push for U.S. fuel cost cuts. Brent oil futures slid 3.03% to $111.18 and crude oil WTI futures dived 3.37% to $105.83.U.S. President Joe Biden is expected on Wednesday to call on Congress to temporarily suspend a federal tax on gasoline to bring down soaring fuel prices and alleviate the pressure on consumers. Seven oil companies are set to meet Biden on Thursday, under pressure from the White House to bring down fuel prices. Short Term Technical View: In 1-hour chart, XTIUSD is trading below line of Bollinger band indicator. As per RSI Indicator showing weakness in 1-hour chart, XTIUSD pivot level is 108.30. As per my view sell on rise, strategy is good for XTIUSD. Sell range of XTIUSD is 107 to 107.25 and there is very strong resistance zone at 108.50. Alternative Scenario: If XTIUSD will trade above 108.50 and sustain above in U.S. Session so it will be, give great opportunity to buy with the target of 109.50 with the stop loss of 107.
FXOPEN:XTIUSD
by RATONYCNC
What 1-hour chart says? Fundamental Development: Oil prices rose 1% on Tuesday, clawing back more of last week's losses as investors focused on tight supplies of crude and fuel products rather than concerns about a recession dampening demand going forward. Brent crude futures rose $1.08, or about 1%, to $115.21 a barrel, adding to a 0.9% gain on Monday. The benchmark contract fell 7.3% last week in its first weekly fall in five. U.S. West Texas Intermediate (WTI) crude futures for July, which expires later on Tuesday, rose to $112.01 a barrel, up $2.45, or 2.2%, from Friday's close. There was no settlement on Monday, which was a U.S. public holiday. WTI dropped 9.2% last week. Short Term Technical View: In 1-hour chart, XTIUSD is trading Upper line of Bollinger band indicator. As per RSI Indicator showing bullishness in 1-hour chart, XTIUSD pivot level is 108.30. As per my view buy on dip, strategy is good for XTIUSD. Buy range of XTIUSD is 108.30 to 108 and there is very strong support zone at 106.75. Alternative Scenario: If XTIUSD will trade below 106.75 and sustain below in U.S. Session so it will be, give great opportunity to sell with the target of 105.25 with the stop loss of 108.
FXOPEN:XTIUSD
by RATONYCNC
What 1-hour chart says? Fundamental Development: Oil prices edged lower on Monday, reversing earlier gains, as concerns about slowing global economic growth and fuel demand outweighed worries about tightening supplies. Brent crude futures slipped 3 cents to $113.09 a barrel, after rising as much as 1% earlier. Front-month prices tumbled 7.3% last week, their first weekly fall in five. U.S. West Texas Intermediate crude was at $109.42 a barrel, down 14 cents, or 0.1%, after rising more than $1 earlier. Front-month prices dropped 9.2% last week, the first decline in eight weeks. Oil from Russia, the world's second-largest exporter, remains out of reach to most countries because of Western sanctions over Moscow's invasion of Ukraine, actions that Russia calls a "special operation". 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 is trading below pivot level 110.48. As per my view sell on rise, strategy is good for XTIUSD. Selling range of XTIUSD is 110.48 to 110.75 and there is very strong resistance zone at 112. Alternative Scenario: If XTIUSD will trade above 112 and sustain above in U.S. Session so it will be, give great opportunity to buy with the target of 113.50 with the stop loss of 110.85.
FXOPEN:XTIUSD
by RATONYCNC
What 1-hour chart says? Fundamental Development: Oil was down on Friday morning in Asia, weighed down by demand concerns following global interest rate hikes. Brent oil futures were down 0.62% to $119.07 and crude oil WTI futures were down 0.69% to $116.78. The Bank of Japan Friday decided to keep policy ultra loose despite rising inflation while some other global central banks are adopting tight monetary policies. The U.S. imposed sanctions on Chinese, Emirati companies, and a network of Iranian firms that help with Iran’s petrochemicals exports, aiming to pose pressure on Tehran to revive the 2015 Iran nuclear deal. Short Term Technical View: 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 is trading above pivot level 113.50. As per my view buy on dip, strategy is good for XTIUSD. Buying range of XTIUSD is 113.50 to 113 and there is very strong support zone at 112. Alternative Scenario: If XTIUSD will trade below 112 and sustain below in U.S. Session so it will be, give great opportunity to sell with the target of 110.75 with the stop loss of 113.75.
FXOPEN:XTIUSD
by RATONYCNC
What 1-hour chart says? Fundamental Development: Oil was up on Thursday morning in Asia, supported by peak summer demand and tight global supply, despite the U.S. interest rate hike spurring concerns over less fuel demand. Brent oil futures rose 0.65% to $119.28 and crude oil WTI futures jumped 0.91% to $116.36. Wednesday’s U.S. crude supply data from the U.S. Energy Information Administration showed a build of 1.956 million barrels for the week ended June 10. Investors now are assessing tight supplies and robust demand as the West imposed sanctions on Russian oil while China's oil demand expected to rebound with COVID-19 curbs easing. Crude supply data from the American Petroleum Institute released the day before, showed a build of 0.736 million barrels. Short Term Technical View: In 1-hour chart, XTIUSD is trading below middle line of Bollinger band indicator. As per RSI Indicator showing bullishness in 1-hour chart, Now XTIUSD is trading below pivot level 114.50. As per my view buy on dip, strategy is good for XTIUSD. Buying range of XTIUSD is 113.75 to 113.50 and there is very strong support zone at 112.25. Alternative Scenario: If XTIUSD will trade below 112.25 and sustain in U.S. Session so it will be, give great opportunity to sell with the target of 110.75 with the stop loss of 113.75.
FXOPEN:XTIUSD
by RATONYCNC
What 1-hour chart says? Fundamental Development: Oil was up on Wednesday morning in Asia amid concerns of uncertain economic outlook ahead of potentially aggressive U.S. interest rate hikes decisions. Brent oil futures edged up 0.14% to $121.34 and crude oil WTI futures edged up 0.15% to $119.11. Tuesday’s U.S. crude supply data from the American Petroleum Institute showed a build of 0.736 million barrels for the week ended June 10. Friday’s red-hot inflation data has raised the market expectations of an interest rate hike by 75 basis points, the largest in 28 years. The Organization of Petroleum Exporting Countries and allies (OPEC+) stuck to its forecast that world oil demand will exceed pre-pandemic levels in 2022 in its monthly report. Investors now await crude supply data from the U.S. Energy Information Administration, due later in the day. Short Term Technical View: In 1-hour chart, XTIUSD is trading below middle line of Bollinger band indicator. As per RSI Indicator also showing weakness in 1-hour chart, Now XTIUSD is trading below pivot level 117.25. As per my view, sell on rise is good strategy for XTIUSD, sell range is 117.25 to 117.50, and there is very strong resistance zone at 118.75. Alternative Scenario: If XTIUSD will trade above 118.75 and sustain in U.S. Session so it will be, give great opportunity to buy with the target of 120 with the stop loss of 117.25. (Important Note- Crude oil inventory data will release at 8 P.M. (IST)
FXOPEN:XTIUSD
by RATONYCNC
What 1-hour chart says? Fundamental Development: Oil prices inched lower after seesawing through early trading on Tuesday, as worries that fuel demand would hit by a possible recession and fresh COVID-19 curbs in China outweighed tight global supplies. U.S. West Texas Intermediate (WTI) crude fell 22 cents, or 0.2% to $120.71, while Brent crude futures eased 25 cents, or 0.2%, to $122.02 a barrel. In China, a COVID outbreak at a bar in Beijing has raised fears of a new phase of lock downs just as restrictions were being eased and fuel demand was expected to firm. Crude has rallied about 60% this year as an economic rebound coincided with upended trade flows after Russia’s invasion of Ukraine. While China is facing a bumpy return from strict COVID-19 lock downs, rising consumption from the top importer will strain the market further and drive prices higher. Short Term Technical View: In 1-hour chart, XTIUSD is trading above middle line of Bollinger band indicator. As per RSI Indicator also showing bullishness in 1-hour chart, XTIUSD is trading above today pivot level 117.80. As per my view, buy on dip is good strategy for XTIUSD, buy range is 117.80 to 117.50, and there is very strong resistance zone at 116.50. Alternative Scenario: If XTIUSD will trade below 116.50 and sustain in U.S. Session so it will be, give great opportunity to sell with the target of 115.10 with the stop loss of 118.
FXOPEN:XTIUSD
by RATONYCNC
JSW ENERGY -- INTRADAY SETUP - 13/06/2022JSW ENERGY INTRADAY SETUP - 15 MIN CHART - 1. triangle pattern formation on 15 min chart 2. Chart pattern is more of sign uptrend but due to high volatility in global market seen nifty can open gap up - gap down so looking at this both side target given for safe bet and using candle breakout or breakdown correct position can taken either buy/ sell on intraday. 3. BUY above triangle breakout 252.50 for target 255-257-260, (5/15 min candle should close above 252.50) 4. sell bellow triangle breakdown 245 for target 242-240-238 ( 5/15 min candle should close bellow 245 ) ** THIS IDEA IS FOR EDUCATIONAL PURPOSE ** trade at own risk HAPPY TRADING !
NSE:JSWENERGY
by champtrade111
What 1-hour chart says? Fundamental Development: Oil prices slid Monday as flare-up in COVID-19 cases in Beijing quelled hopes for a rapid pick-up in China's fuel demand, while worries about global inflation and sluggish economic growth further depressed the market. Brent crude futures fell $1.81, or 1.48%, to $120.20 a barrel while U.S. West Texas Intermediate crude was at $118.81 a barrel, down $1.86, or 1.54%. Both contracts dropped over $2 earlier in the session. Prices fell after Chinese officials warned on Sunday of a "ferocious" COVID-19 spread in the capital and announced plans to conduct mass testing in Beijing until Wednesday. Concerns about further interest rate hikes following red-hot U.S. inflation data released on Friday are also weighing on global financial markets. Short Term Technical View: In 1-hour chart, XTIUSD is trading lower line of Bollinger band indicator. As per RSI Indicator also showing weakness in the chart the 1-hour chart, XTIUSD is trading below today pivot level 118. As per my view, sell on rise is good strategy for XTIUSD, sell range is 118 to 118.25, and there is very strong resistance zone at 119.75. Alternative Scenario: If XTIUSD will trade above 120 and sustain above in U.S. Session so it will be, give great opportunity to buy with the target of 122 with the stop loss of 118.75.
FXOPEN:XTIUSD
by RATONYCNC