News Based: Post-CPI Inflation data 3.1% rise in November YoY - Massive sell-off of Crude was seen. Higher oil prices contribute to inflation directly and by increasing the cost of inputs. Hence, we can see a massive crude oil sell-off. Technicals 5755 is a crucial level if Crude sustains below we can see a massive downfall as seen in the image
BankNifty Analysis BankNifty had a better price action today than Nifty. In the sense that the down move was more stable and compelling. Since yesterday we said we would love to go neutral below 47000 - we are changing the status now. 4mts chart link - click here Even though the day’s low was only 47004, I would prefer to go with the status change because of 2...
Natural gas is taking support at 200-201 levels. If it sustains above 202, we can see an up move till 205 and 207.
Natural Gas important levels to watch are as follows #Support: 214 Sell below: 214 only on 15 minute candle closure below the level. Target 1: 211 Target 2: 206 #Resistance: 218.8 Buy Above: 218.8 only on 15 minute candle closure Above the level. Target 1: 221.8 Target 2: 226.9 => # Remember each level will act as a support and resistance individually so...
Crude Oil Mini Intraday Prediction Levels for 7 Dec 2023 The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone/Line or after break down and close below the Support zone/Line. These levels act...
CRUDE has fallen a lot to the 70 levels. We have seen some relief today Downside : if breaks the Trendlyne with closing below 70 then we can see the day low and if breaks the the day low then 67.40 is possible Upside : If 15 minute candle closes above 70.49 then we can see good upside with Targets 71.50 and after that 73.00
Crude oil prices experienced a decline, reaching the lowest point since November, attributed to a growing surplus in supply. Despite the OPEC+ official announcement, oil prices have maintained relative stability in the aftermath. Participants within OPEC+ are recognizing the missed opportunity and attempting to mitigate the situation through additional comments,...
Natural Gas Mini Intraday Prediction Levels for 5 Dec 2023 The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone/Line or after break down and close below the Support zone/Line. These levels...
Crude Oil Mini Intraday Prediction Levels for 5 Dec 2023 The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone/Line or after break down and close below the Support zone/Line. These levels act...
Crude Oil Mini Intraday Prediction Levels for 4 Dec 2023 The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone/Line or after break down and close below the Support zone/Line. These levels...
Exciting Bullish Pattern Alert! 🐂 📊 Pattern: Symmetric Triangle 📌 Symbol/Asset: ASIANPAINT 🔍 Description: Stock is in a pattern formation. Support is around 2850-2900 and we can see huge upside after breakout of the resistance. 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Asian Paints is in a consolidation since 2 years. Pattern formation : Symmetric Triangle. Stock has corrected almost 25% from its highs. Support Area is coming around 2850-2900 Targets are coming around 4750-4800
Natural Gas - COT reports turning Bullish. Waiting for DAILY Momentum to turn positive and Daily Close above 3.000. NG has potential to touch 4.4 in coming weeks and months. I will be looking for Buying Opportunities on 240/60 Mins TF after it does that.
CRUDEOIL FUTURES IMPORTANT LEVELS FOR UPCOMING SESSION 29-11-2023 Triangle Patter on breaking crucial levels position can be taken. :)
CRUDEOIL LOOKING WEAK AS PER ANALYSIS Moving Average Observations: Price below 50-day, 100-day and 200-day Moving average. RSI Observations: The Daily RSI indicator has remained below 50. This is a bearish zone. Current Daily RSI reading is 42.43. ADX Observations: The Daily DMI position remains bearish. Donchian Channel Observations: Price is below middle...
MCX:NATURALGAS1! natural gas to move upside if gives green closing today, 3 possible targets as market on the chart , as long as natural gas stays above 235, dont short.
Soybean Oil Futures Analysis: Current Price: $52.71 Soybean oil has consistently been an appealing asset, having traded near the year's high just six months ago. Recently, the commodity experienced a notable downtrend, dropping from $64.80 to $48.01. However, a modest upward movement is now observable. Upon closer examination, we identify a change in...
This stock has climbed above a price it struggled to break in 2019. It took some time to stabilize just below this price before making the move. It looks like it could reach 335 in the near future, which could be a good investment. But be sure to set a stop-loss to protect your investment in case things don't go as planned.