possible flag breakout in natural gas Pretty simple chart which shows the flag pattern being formed in the natural gas. It is just breaking out. Looks like there is a lot more to come in this commodity. This is also after forming an inclined head and shoulder reversal on the hourly timeframe. Makes it a high probability setup to trade.
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Long XAG/USDXAG/USD Is approaching a very strong pivot level. This level has been tested several times in the past and as we can see on the chart it has been acting as support and resistance both. With the silver having a very sharp fall it is very likely that this level will act as a support, and there can be mean reversion after the extended fall that we have seen in the commodity.
Natural gas breaking out above the key levelNatural gas has formed a reversal pattern on the hourly charts and is now breaking out above the resistance level which can set the stage for a sharp rally in the commodity.
RSI based Crude Oil StrategyRSI Based Strategy on commodity.
We can use RSI in two timeframe to identify Bullish and bearish sentiments.
5 & 15 Mins timeframe is best for intraday Trading.
Add two set of chart of RSI and make upper rsi band at 60 and lower rsi band at 40.
In 15 min timeframe, if upper band value greater than 60.it means we have to find out buy trade. And RSI lower band is less than 40, we have to find out sell trade.
USOIL Trading Plan - 17/Nov/2022Hello Traders,
Hope you all are doing good!!
I expect USOIL to go UP after finishing this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
Natural Gas - SHORTNatural gas formed a double top on 1hr chart now it is trying to go its previous low and she can see that level in the upcoming days.
Disclaimer: These are not any recommendations for any funds or stocks and are meant only for educational purposes.
Crude Oil (MCX): Thursday - 27/10/22Levels:
Support: 7180, 7120, 7120, 7020
Resistance: 7290-7300, 7360-7400.
OI Data (16th Nov Expiry):
Highest OI Call in Crude per OI data: 7500
Highest OI Put in Crude per IO data: 6500
Nearest Major Resistance in Crude per OI data: 7300 (1370 OI with 16% addition y'day)
Nearest Major Support in Crude per IO data: 7000 (2615 OI with 25% addition y'day)
Trade setup:
1. Yesterday there is a very good breakout above 7180 level with high volume.Which is a bullish indication.
2. The next crutial level to watch for is: 7300 (7230-7290 is the zone). If it sustains above it, 7400 is in the card.
3. Anyone wish to play hedge can go with a range-bound non-directional strategy of the following range:
A. buy 7500 CE (Nov-16 expiry)
B. buy 6600 PE (Nov-16 expiry)
C. sell 7400 CE (Nov-16 expiry)
D. sell 6500 PE (Nov-16 expiry)
Natural Gas Support and resistance level for 24.08.2022Plot the the levels in your chart. Draw fib level from support and resistance . Please refer chart for fib level. Fib level range should be 9 am to 11:30 PM.
If price crosses fib trendline(Dash line) will consider as upside break out. If price reject from there will consider to fall below.
if one support or resistance line broken maximum target will be 1.272 or 1.1618 fib level. Moving above 1.618 fib level is very rare scenario.
DO OUR GOVORNOR KNEW EW??!!Explained on the chart. Believe it or not - is up to you. This is my personal opinion- not to be construed as a trading recommendation. Do due diligence. Follow your own method/system.
NOTE:- This is my first analysis on commodity. Like it or not- PRESS "LIKE" button to find gems in future.
#crudeoil Important levels MCX:CRUDEOIL1!
as we can see on ARC on which levels it resisted. on that level harmonic pattern also was there. now again at ARC resistance with harmonic pattern we might see fall from here but as this #russiavsUkraine war going on if #crude cross current ARC and Harmonic resistance then we might see crude at 10000+/-.
******whatever charts or levels or ideas we are sharing here or on any other platform are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on it. We are not SEBI registered.






















