MCX
12 DAYS +16.31%: NATURAL GAS FOLLOWUP TRADE PLAN OF 19 APR 20View for long was posted on 19 Apr 20 & Natural Gas hit2 targets with profit of +16.31%
Followup trade
closed
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind
Dhiraj Singh Bais
Warrior @ Battle field
Natural Gas Breaks OutWe've been highlighting the bottoming process in Natural Gas for months and now we're finally getting a breakout. Prices stabilized above their 2016 lows of 115, momentum stayed out of oversold territory, and prices are confirming a trend reversal by closing back above the August 2019 lows of 145. As long as prices are above that level, we're looking for further upside towards 205...and potentially higher longer-term.
IS SOMEONE ACCUMULATING NATURAL GAS!!! IF YES +25% SEEMS GOOD!!!Price action seems like accumulation is underway. If we witness a breakout Immediate target of $2.3 is quite possible.
Long on pullback will be a good idea.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind
Dhiraj Singh Bais
Warrior @ Battle field
USOIL is at 61.8% Retracement will shoot up to 32.90$According to my view USOIL is at 61.8% Retracement (correction) in Daily candle closing basis. This is based on basic technical analysis with support and Resistance/Supply & demand using Fibonacci Retracement as an entry level and Fibonacci extension for target level. As per my view it will reach to 32.90$. As we know USOIL if spot price for crude oil futures in MCX so my suggestion is entry according to analysis through USOIL and targets also followed by it.
Buy @ 23.07$
Target 1 32.90$
Stoploss @ 21$ as per 1 day candle closing basis
#Happy Trading
Gold is showing resistance on weekly charts, 1645 is importantGold or xauusd is moving in a bullish channel on weekly charts.
Friday's top has touched this very line and closed a couple of dollars lower.
Breakouts on weekly channels are not seen very often, a cautious approach is a must at these levels.
I would wait for more SELL signals on other indicators before going short, 4-5 $ above the trendline will be the stop loss for this trade.
on certain momentum based indicators, some weakness can be noticed on hourly charts, this can be due to some profit booking ahead of weekend or initial signs or some sort of reversal or pullback in a overbought market.