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Brent oil again approaches $116.00 key resistanceBrent oil prices managed to bounce off the crucial SMAs and 61.8% Fibonacci retracement of the late February to early March rally, despite posting meager weekly gains. Firmer RSI and the higher-low formation since April also keep the black gold on the bull’s radar. However, the upside bias needs validation from a two-month-old horizontal hurdle surrounding $116.00. Should the UK energy benchmark rally past $116.00, it becomes capable of crossing the $120.00 threshold, which in turn makes it eligible to challenge the late March high near $124.50. In a case where the commodity prices manage to stay firmer past $124.50, the yearly peak of $135.35 will gain the market’s attention. On the contrary, pullback moves remain elusive unless staying beyond an area comprising the 50-DMA and the 20-DMA, around $109.00. If at all the quote drop below $109.00, the $100.00 psychological magnet, also including the 78.6% Fibonacci retracement, should be on the bear’s hit list. It’s worth noting that April’s low of around $99.30 is the last defense for the Brent oil buyers, a break of which will make it vulnerable to revisiting February lows surrounding $90.00. Overall, Brent oil prices are ready to rise but the bulls need to cross the $116.00 barrier.
VELOCITY:BRENT
by MTradingGlobal
BANKNIFTY ANALYSIS TO KNOW SYMBOL: NSE:BANKNIFTY Banknifty is at a crucial point in the weekly time frame, it has closed below the support zone after hovering over that for almost 1 Year. Selling can be accelerated after a retest is done. Still, if the price closes above 34500 somehow it can be a temporary relief and after some time. Bears can again try to push BNF down because this year it's the second attempt so one has to be cautious on both the Sides and book profits fast.
NSE:BANKNIFTYShort
by Gagan_ahuja
1
Nifty can become overbought at 17900What I observed that whenever Nifty goes 2000 points below from recent high it enter into over sold zone and reversal signs start showing up and reversal do happen after that. After reversal Nifty again move around 2000 points upward before becoming over bought and then cycle continues. Therefore basis this assumption and while taking average of previous two up moves i am anticipating that Nifty could become overbought around 17900. Does that mean that's a upcoming high, well no it just a level basis previous movements. Nifty can cross 2000 mark and can make ATH too, no body know about what would be market dynamic at that time but going by pure number 17900 is zone where one can get alert and pay attention towards market movement and it will tend to become volatile. What do you think about above analysis?
NSE:NIFTYLong
by MrGaggi
GBPUSD bulls have more upside on the platterGBPUSD braces for further upside until staying beyond the 100-SMA and a three-week-old horizontal resistance, now support 1.2400. That said, the 38.2% Fibonacci retracement (Fibo.) of the pair’s downside from late April to the recent lows, around 1.2515, appears short-term target for the bulls. Following that, the 1.2600 threshold and the monthly peak surrounding 1.2640 should gain the market’s attention. In a case where the cable buyers dominate past 1.2640, the 200-SMA level near 1.2700 appears a tough nut to crack. Meanwhile, further selling should wait for a clear downside break of 1.2400 to aim for the early May swing low near 1.2260. In a case where GBPUSD prices remain weak past 1.2260, the recent multi-month low close to 1.2155 will act as the last defense for the bulls. It’s worth noting that sustained trading below 1.2155 could make the quote vulnerable to a slump towards the 1.2000 psychological magnet. To sum up, GBPUSD has had enough of the south-run and hence a short-term recovery can’t be ruled out.
by MTradingGlobal
BankNifty Intraday Trade Setup for 19th May 22 (Trading Idea)After a huge Gap down, we have seen some buying happening and the market is moving slowly and steadily towards the upside, so what should be our trade plan for the day? Since today is Thursday and chances of Premium decay as well as volatile delta moves is very high, so we should wait for some time for the market to show us the right direction Be active on this post to see my live positions and Trade Do Support by Liking and Commenting on our Post as it motivates us to post more such ideas The chart is for study purposes only!! NSE:BANKNIFTY NIFTY, Trading Strategy, Intraday, Banknifty option trading strategy, intraday strategy, simple intraday strategy, Share Trading Strategies, BANK NIFTY TRADING STRATEGIES, trading with volume profile, intraday, mcx , crude oil , crude, crude oil trading tricks, open interest analysis, options trading, options trading strategies, Emotion in Investing, markets scientist, candlestick pattern, candlestick, candlestick analysis, candlestick stock pattern, trusted spots, cool brains, learn and earn, trending, profits How to find stocks for intraday, how to buy and sell in Zerodha kite, Zerodha trading tutorial in Hindi, bracket order, daily income plan, emotions, Unsuccessful Investor, share trading course, share market course. day trading, best strategy on intraday trading, Candlestick types, Candle types, Candlestick analysis in Hindi, Candlestick Body, Japanese Candlestick , Rakesh Jhunjhunwala, share market, stock market for beginners tutorial, how to enter the stock market for beginners, stock market guide, Share market basics for beginners
NSE:BANKNIFTY
by harshnisar45
Expecting a sideways movement till August .Currently 31800$ and 27600$ are the heavy resistance and support respectively and market has also not much volume seems that whales are accumulating so I’m personally expecting a sideways movement in daily timeframe and this fractal is also indicating a sideways movement till august. Usually fractal are not correct and may this time also btc dont follow this fractal but if sustainable volume doesn’t comes in market then this fractal will play out definitely according to me. NOT A FINANCIAL ADVICE , #DYOR.
by CryptoCoder12
Tata consumer having more potential to go upafter breakout of regression channel tata consumer given a great up side move and agene it consolidating with big candles expecting one more up side moves with good intraday moves chart its self is self-explanatory When price closes outside of the Linear Regression Channel for long periods of time, this is often interpreted as an early signal that the current trend might be ending and a trend reversal might be near. To draw the Linear Regression Channel, simply select the beginning of a trend and stretch the indicator to another point of the trend. The three lines of the Linear Regression Channel will self-adjust depending on the top and bottom of the trend.
NSE:TATACONSUMLong
by ProfitPicks
1