Crude Oil call on 28-10-2020
FOR THE DAY TRADERS: MCX Crude oil has made a symmetrical triangle pattern, and that indicates a bearish continuation. At present, its price is moving inside the triangle pattern. That's a consolidation area. The prices will keep playing sideways here. Intraday traders can sell or buy based on control price. The last expected stop is at E. So, we may see crude...
According to this chart, MCX Natural gas is further advance. We may see the following levels after a reversal. Targets: 234.6 - 263.9 - 305.6 Intraday traders can run with 20 & 50 MA crossover. And long-term traders should stick with 200 MA to maximize profits. Significant releases or events that may affect the movement of natural gas on Wednesday, Oct...
Crude levels...26/10/2020 (1hr Candle)
CrudeOil Call on 22-10-2020
Crude is near to its resistance level, buy it above 2987 for a tgt of 3120+
The upward to sideways moves over the last few weeks seem to have ended with wave Y. If prices trade below 3005, below the diagonal triangle we should be set for a large downmove. This could be a move larger than the one that started in Sep and lead to 2600 levels. Will track as it progresses Crudeoil in USD has the same pattern and should be headed the same way
Natural Gas levels..22/10/2020 (1hr Candle)
Crude levels...22/10/2020 (1hr Candle)
ones it breaks b point with momentum and stay above that then target is quite big and if couldn't able to cross this line resistance then one can short
Midterm forecast: While the price is below the resistance 46.50, resumption of downtrend is expected. We make sure when the support at 38.90 breaks. If the resistance at 46.50 is broken, the short-term forecast -resumption of downtrend- will be invalid. Technical analysis: A trough is formed in daily chart at 38.90 on 10/02/2020, so more gains to resistance(s)...
US Oil has been bullish right from October month , and hope it will continue the upside momentum to 42.00 price area.. this week it will have good upside move.
MACD Crossover is almost formed on the daily chart, stock is currently trading around its crucial support level (164). The stock was up by 3.20% on 16 Oct. 2020. With keeping the MACD crossover in mind, one can look forward to a swing trading opportunity in NSE:HINDPETRO . SWING TRADE : BUY IN 160-175 RANGE STOPLOSS - 140 TARGET 1 - 200 TARGET 2 - 205 TARGET 3...
Triangle pattern forming in Natural GAs