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Is Crude Oil rallying its way to hit $140?Commodity Samachar, Pune – On Monday, we saw a drop in the crude oil rate just in the afternoon, but the reason behind it is something truly exciting. On Monday, the price of oil fell $2 just 2 days ahead of the US. FED meet. This was coupled with the concern about China’s fuel demand growth and Russian crude supply weighted on the market. As per several indications from market sources, they expect that the US central bank will leave interest rates unchanged when it concludes its 2-day monetary policy meeting happening this Wednesday. In other news, Goldman Sachs has lowered its price estimate for Brent crude to under $90 per barrel by the end of 2023 after 2 previous reductions. This has been done due to the weak data arrived from China, one of the world’s biggest oil importers. The final blow to crude oil came from news arriving from Iran. Oil prices fell in the Asian trade after Iran’s supreme leader said that the country was open to a deal with the West over its nuclear programme. Ayatollah Ali Khamenei, the Supreme leader mentioned that a deal was a possibility if Iran’s nuclear infrastructure was kept intact. The comment by Khamenei paved the way for fear pertaining to a nuclear deal among oil traders given that it could flood the market. Monthly Chart Outlook – Crude Oil: On Monday, technical analysts at Commodity Samachar witnessed a rally going on up to a higher level from a lower level. From that point onward, it hit a high of 123.66 points. After consecutive highs, there was a significant fall in crude oil prices. Currently, it is trading at a rate of $68. However, we expect that it shall remain in between the $65 – $61 range and there will be a buying opportunity with a positional stop loss of $40. Traders can initially see an upside target of $110 and it will stretch to $125. Finally, crude oil will rally and reach a magnificent high of $140. Traders will be able to see such a high level in the market. All traders should anticipate something big on the way. A Fibonacci extension is being seen in the current crude oil chart. The Fibonacci extension that’s forming will hit its first target of 0.38%, then it will follow the trend and hit 0.50% and the final target would be 0.61%. For crude oil to reach its target, it shall be completing 24-36 months. We are expecting crude oil to reach a target of $140. Crude oil’s Initial resistance at $75 many questions remain to be answered. We’ll be back with updates on this sensational news. Commodity Samachar Learn and Trade with ease
MCX:CRUDEOIL1!Long
by commoditysamachar
Commodity Analysis: Silver – Potential Short-Term UpsideHello, Traders! 👋 Silver is shaping up for an interesting move: 📈 Technical Overview: 🔹 Higher low formed on the weekly chart, suggesting potential accumulation. 🔹 My ILTF indicator has already signaled a BUY, but the price remains sideways for now. 🔹 A breakout above 92,000 could trigger a short-term upmove toward the all-time high (ATH). 💡 Current Plan: I’m not holding any position currently but closely watching for momentum on the daily chart. If a breakout occurs, I may consider initiating a pilot position to capture the move. ⚠️ Disclaimer: 🔹 I am not a SEBI-registered advisor. 🔹 This analysis reflects my personal views and is not a recommendation to buy or sell. 🔹 Shared purely for learning purposes—please conduct your own research or consult a professional before trading. Keep an eye on Silver—things might get shiny soon! 💡
MCX:SILVER1!Long
by Inwardlocus
Cup & Handle Pattern Breakout Seen in Guar GumHello Guy's, i have brought analysis for Commodity lovers on Guar Gum. Chart is clearly showing a Cup and Handle breakout on daily timeframe and it is supported by rising volume. MACD is sustaining above zero line and has formed a bullish crossover. All these observations are seen in the daily timeframe chart. A long trade can be taken in this Guar Gum for healthy upside. Well i have written everything on chart, but still writing here. Important levels in Guar Gum:- Buy between in the range of 13300-13000 levels. Targets we can see in upside 14078/15166/15836. Keep stop loss at 12538. Bullish Crossover in MACD supports the bullish view. So, Guy's according to Price action and MACD bullish crossover, a rally is expected towards 15000+ levels. So trade accordingly. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NCDEX:GUARGUM5Long
by TraderRahulPal
2
2020's Uptrend Channel Is Everything For MCX NickelMCX Nickel is following the above uptrend channel from 23 Jan 2020. And making a good trade opportunity for commodity traders. Nickel's upward trend is not over yet. But we may see a downfall below the control price, and it can be up to 1686 - 1620 . But what happens if it breaks the control price? It's a 100% sign for a buy signal. But intraday or short-term investors should confirm that breakout before proceeding. And they must look out for candle's fakeout. Afterward, be ready for the targets of 1800 - 1840 - 1876+ .
MCX:NICKEL1!
by forextidings
Silver Commodity - Breakout in Day TimeFrameSince September, silver futures have been consolidating, indicating a period of price stability and indecision among traders. As of today, January 30, 2025, the market has experienced a breakout from the established trendline, signaling a potential shift in momentum. This breakout could suggest renewed buying interest and the possibility of upward price movement, making it an opportune time for traders to reassess their positions and strategies in light of this development.
MCX:SILVER1!Long
by Breakout_Spotter
Looking for trade setup on Gold. Have a look at this. XAU/USD.XAU/USD on daily timeframe has switched from bullish to bearish but it’s still Bullish on weekly. We will take about weekly later but daily chart itself is speaking a lot of things. We marked the market structure and it can be seen that there are multiple Orderblocks and Fvg that are pending and has to be mitigated before getting into Bullish bias. For buy our plan would be to wait for any continuation trend on smaller time frame usually in 1Hr or 15min. For sell setup we would wait for a market structure shift on 1HR or 15min time frame. We are neutral for now & we need more validations. We have weekend coming. Forex & Commodity market doesn’t really have the volatile Mondays. For a really nice setup we would have to be patience and need to follow our plan of action. Follow us any stay updated with more setups tuning in. Appreciate you’ll time. Note this is for educational purposes only.
OANDA:XAUUSD
by Trade_lyst
9500 to 19000| Turmeric's Resurgence Sparks New Trading Buzz!Turmeric has emerged as a notable script in recent months, experiencing a substantial rally from 9500 to 19000. This impressive performance has reignited interest in the commodity. Presently trading at Rs 12500, a level significantly below its recent high of Rs 19500, Turmeric has garnered renewed attention. Our strategic trading plan involves closely monitoring Turmeric's price action. Should it find support within the range of 11590 to 11860 , we are inclined to consider an entry point. In this scenario, our stop-loss will be set below 10300 to manage risk effectively. We invite you to stay tuned for further updates as we navigate potential opportunities in the Turmeric market. Your continued engagement is valued on this exciting journey. Best regards, Rahul Khandelwal WEALTH BY TRADE
NCDEX:TMCFGRNZM1!Long
by iamrk7
2
Natural Gas Futures (INR) Weekly Chart pattern analysisNatural Gas Futures (INR) Weekly Chart pattern analysis. For the students, We will include chart structure, patterns, demand-supply zones, and precise support/resistance levels based on what is seen on the charts : - Chart OverviewTimeframe: Weekly (1W)Current Price: 244.7 (down -5.30%)Price is near an important ascending trendline support (green line) after a strong correction from recent highs. Structure shows earlier breakout above descending trendline (blue) followed by a retest and rejection. 🧭 1. Trend Analysis- Long-Term Trend:From 2022 highs (900+), Natural Gas was in a sharp downtrend (blue descending trendline).Downtrend broke in late 2023, initiating a mid-term uptrend within an ascending channel. Short-Term Trend:Since the 405.7 high (early 2025), prices are in a correction phase.Price now testing demand zone near 244-212. 📈 2. Chart Patterns,Ascending Channel: Price has been moving between parallel green lines since late 2023.Breakdown Risk: Price is testing the lower channel line; breakdown could trigger more downside.Head & Shoulders Possibility: The highs around 405-358 resemble a left shoulder-head-right shoulder formation, with neckline near 249-244. A confirmed break below could accelerate selling. Supply Zone Rejection: Strong selling emerged from 358-405, marking it as a supply zone. 3. Key Technical Levels: Rejection Level: High Significance 405.7 -Major Supply 2025 high, strong rejection point 358.7 Secondary Supplying- Recent swing high before sell-off 249.6-244.7 - Current Zone - Channel support & neckline zone 218.0 - Demand Zone Past consolidation & buying interest 212.0 - Strong Support Historical demand zone floor 209.9 - Critical Support If broken, opens path to 180-160⚖ 4. Demand & Supply ZonesDemand Zones:218-212 (weekly accumulation area)180-160 (last major base before rally) Supply Zones:358-405 (heavy selling area)280-300 (minor supply if bounce occurs) 5. Possible ScenariosScenario 1 Support Holds:If 244-212 holds, expect a bounce towards 280 and 300.A close above 300 could re-test 358. Scenario 2 - Breakdown:A close below 212 could lead to a quick drop towards 180-160. 👉 Disclaimer: This is for educational purposes only, not trading advice. Futures & commodities are highly volatile; manage risk and consult a registered financial advisor. #naturalgas #technicallevels #chartpatternabalysis #commoditytrading
MCX:NATURALGAS1!Long
by Global_Growth_Mentor
Best Commodity layoutBest Commodity layout Crafting Your Optimal Commodity Technical Chart Layout in TradingView The "best" commodity technical chart layout in TradingView is highly personalized, depending on your trading style, strategy, and the specific commodities you're analyzing. However, a well-structured layout should provide a clear, comprehensive view of price action and key technical indicators to aid in decision-making. Here's a guide to creating an effective commodity technical chart layout in TradingView, incorporating common practices and versatile tools: 1. Choosing Your Main Chart Type: Candlestick Charts: This is the most popular choice for most traders. Candlesticks provide detailed information about the open, high, low, and close (OHLC) prices for a specific period, making it easier to identify patterns and market sentiment. Bar Charts: Similar to candlesticks, bar charts also display OHLC data but in a different visual format. Line Charts: Useful for a quick overview of the overall trend, typically plotting the closing prices. Heikin Ashi: These charts can help filter out market noise and make trends easier to identify by averaging price data. Renko or Kagi Charts: These focus solely on price movement, ignoring time, and can be useful for identifying support and resistance levels. Recommendation: Start with Candlestick charts for their detailed information. You can always switch to other types for different analytical perspectives. 2. Essential Technical Indicators for Commodities: While the "best" set of indicators is subjective, here are some widely used and effective ones for commodity analysis in TradingView: Moving Averages (MAs): Types: Simple Moving Average (SMA) and Exponential Moving Average (EMA) are common. EMAs react faster to recent price changes. Use: Identify trend direction, support/resistance levels, and potential crossover signals. Common periods include 20, 50, 100, and 200. Layout: Add 2-3 MAs of different lengths directly onto your main price chart. For example, a 21-period EMA for short-term trends and a 50-period EMA for medium-term trends. Volume Indicators: Types: Volume (displays trading activity) and On-Balance Volume (OBV). Use: Confirm the strength of price movements. A significant price move accompanied by high volume is generally considered more valid. Layout: Typically displayed in a separate pane below the main price chart. Oscillators (for identifying overbought/oversold conditions and momentum): Relative Strength Index (RSI): Measures the speed and change of price movements. Values above 70 often indicate overbought conditions, while below 30 suggest oversold conditions. Standard period is 14. Moving Average Convergence Divergence (MACD): Shows the relationship between two moving averages of an asset's price. It consists of the MACD line, signal line, and histogram.1 Used for trend identification and momentum.   1. medium.com medium.com Stochastic Oscillator: Compares a particular closing price of an asset to a range of its prices over a certain period. Also used to identify overbought/oversold conditions. Commodity Channel Index (CCI): Identifies cyclical trends and can signal overbought/oversold levels. Layout: Oscillators are usually placed in separate panes below the main chart. You might choose 1 or 2 that best suit your strategy (e.g., RSI and MACD). Volatility Indicators: Bollinger Bands: Consist of a middle band (typically an SMA) and two outer bands representing standard deviations. They help identify volatility and potential price breakouts or mean reversion. Keltner Channels: Similar to Bollinger Bands but use Average True Range (ATR) for the outer bands. Can be used for breakout and trend-following strategies. Average True Range (ATR): Measures market volatility. Useful for setting stop-loss orders. Layout: Bollinger Bands and Keltner Channels are overlaid on the main price chart. ATR is usually in a separate pane. Trend-Following Indicators: Ichimoku Cloud (Ichimoku Kinko Hyo): A comprehensive indicator that defines support/resistance, identifies trend direction, and provides trading signals. It includes several components like the Kumo (Cloud), Tenkan-sen, and Kijun-sen. Donchian Channels: Plots the highest high and lowest low over a set period. Useful for identifying breakouts and trend direction. Layout: Ichimoku Cloud and Donchian Channels are overlaid on the main price chart. Recommendation for a Balanced Layout: Main Chart: Candlesticks, 2-3 EMAs (e.g., 21, 50, 200), Bollinger Bands or Keltner Channels. Pane 1 (below main): Volume. Pane 2 (below main): RSI (14) or MACD. Pane 3 (optional): CCI or ATR if your strategy heavily relies on them. 3. Drawing Tools: Effective use of drawing tools is crucial for technical analysis: Trendlines: Connect swing highs or lows to identify the direction and strength of trends. Support and Resistance Levels: Horizontal lines drawn at key price levels where the price has historically struggled to break above (resistance) or fall below (support). Fibonacci Retracement and Extension Levels: Help identify potential support/resistance levels and price targets based on Fibonacci ratios. Channels: Parallel trendlines that can define a price range. Chart Patterns: Use tools to identify patterns like head and shoulders, triangles, flags, and pennants. Layout Tip: Keep your most frequently used drawing tools easily accessible in the TradingView drawing panel. 4. Multi-Timeframe Analysis & Multi-Chart Layouts: Analyzing commodities across different timeframes can provide a broader market perspective. TradingView allows you to set up multi-chart layouts (the number of charts available depends on your subscription plan). Common Setup: Chart 1 (Long-Term): Weekly or Daily chart to identify the major trend. Chart 2 (Medium-Term): 4-hour or Daily chart for more detailed trend analysis and identifying key levels. Chart 3 (Short-Term): 1-hour or 15-minute chart for entry and exit signals. Synchronization: TradingView allows you to synchronize symbols, crosshair, interval, and drawings across multiple charts in a layout, which can be very efficient. 5. Customization and Saving Your Layout: Appearance: Customize chart colors (background, candles, grids), scales, and lines to your preference for better visual clarity and reduced eye strain. Access these via Chart Settings (the gear icon). Saving Layouts: Once you have a setup you like, save it as a chart layout in TradingView. You can create multiple layouts for different commodities, strategies, or analytical purposes. Indicator Templates: Save combinations of indicators as templates for quick application to new charts. Tips for the "Best" Layout: Keep it Clean: Avoid cluttering your chart with too many indicators. Focus on a few that you understand well and that complement your strategy. Consistency: Use consistent settings for your indicators across different charts and timeframes. Practice: The "best" layout is one that works for you. Experiment with different indicators and setups on a demo account or through backtesting to see what yields the best results for your trading style. Stay Informed: Be aware that some commodities (e.g., agricultural products) can be influenced by seasonal patterns or specific reports (like USDA reports for crops, EIA for oil). While not a direct part of the "chart layout," integrating this knowledge with your technical analysis is crucial. TradingView has features to display key events like earnings reports or dividends, which can be relevant. Some community scripts on TradingView even offer overlays for planting and harvesting seasons for agricultural commodities. By following these guidelines and experimenting to find what suits your individual needs, you can create a powerful and effective commodity technical chart layout in TradingView. Remember to regularly review and refine your layout as your trading strategies evolve.
MCX:CRUDEOIL1!Long
by appzandgame
1
Gold, Silver & Commodity Trading (MCX)What is MCX (Multi Commodity Exchange)? The Multi Commodity Exchange of India Ltd. (MCX) is a government-regulated commodity derivatives exchange, launched in 2003. It is regulated by SEBI (Securities and Exchange Board of India) and allows traders to buy and sell commodity futures contracts across various categories like: Bullion: Gold, Silver Energy: Crude oil, Natural gas Base Metals: Copper, Zinc, Lead, Aluminum, Nickel Agricultural commodities: Cotton, Cardamom, Mentha Oil MCX operates similarly to stock exchanges like NSE or BSE but deals in commodity contracts rather than equities. Factors That Influence Gold & Silver Prices Understanding price drivers helps traders anticipate market movement: 🏦 1. Global Economic Conditions Inflation Recession fears GDP data 🪙 2. Currency Movements Gold is priced in USD globally. The USD-INR exchange rate significantly impacts domestic prices. 📉 3. Interest Rates Rising interest rates make non-yielding assets like gold less attractive, pushing prices lower, and vice versa. 💥 4. Geopolitical Tensions War, political instability, or crisis (Middle East conflict, Ukraine war, etc.) often boost gold/silver prices. 🛢️ 5. Crude Oil Prices High oil prices can lead to inflation, making gold more attractive as a hedge. 💼 6. Central Bank Policies Actions by RBI or Federal Reserve (US) in terms of gold reserves, rate hikes, or monetary policy changes affect sentiment.
NSE:HDFCBANK
by TechnicalExpress
4