CL1 watchout again, yesterday from 47.80 it made 49.20 till now and came back now again to that level @47.80. Now what? Now as CL1 is giving a negative breakout so if it breaks 47.70 then we can see a downfall upto 47.45/47.10, on the upside it should not break 47.90
CL1! has been trading in rising channel pattern. The prices have tested the lower band and moving northwards. The minor hurdle (black dashed line) at $46.50 if cleared by Bulls (on closing), we might head towards $54-58.
CL1 is on breakout, if it breaks it resistance at 47.80 then it can go upside till 48.80/49.40 levels, on the lower side it should not break 47 level.
I was excited about getting approx 90-100$ last time from 1250$ to 1335$- will this magic be repeated again -well time will let us know. Infact before that magic could even start -I got a supplement bonus of 20$ Bang on Target- Amazingly, it turns from 1200-1201$- Nothing to lose only gain what is the Risk Reward? 20$ Bonus to start the journey 100$- Oval
Look for Buy Setups in Silver around these two levels Marked in RED
Being Major Trend is down crude oil futures is all set to re-trace it's up move. So one can Short Around 45.70 and Above keeping a Stoploss level @ 46.50 to 46.60 For Target 44.25$ to 43 $ This is a short to medium term Trade
Get Ready for the Downside Move. At Least till PINK Area, by Tommorow
If the Pink Area Holds & Stops the Down Move, NG may present some VERY GOOD BUYING Opportunity Here.
These B-Wave Triangles are amazing once identified- it can really show you the way-which it did here as expected. We are early in the start for a down move -likely we will get a bounce to digest this fall later to start the excitement downside. Leaked from E-Wave Top
First, I am looking- gold to cross 1348$- which will give more confidence for 1377$ Target as expected in the range of 1250-1260$ - as per previous update.
This could be an important clue for India Nifty- How India ETF is shaping out. It's an A-B-C sequence for the India ETF (MSCI) where the B - wave is a triangle which is close to finishing its triangle shape & correction could unfold for the ETF & shall be confirmed once the swing low@53 gets broken -in that case Index shall be heading down in a C - wave of the...
CL1 Falling but keep eye on 46.33 level for Buy...Strong support level to watch 46.33, It can give a buy bounce from that level. Just watchout 46.33 and if broken than a gud downfall waiting.
Gold price cracked big time last week and the fall was arrested right at the support zone marked in the chart. Price has since been consolidating and the price action indicates the possibility of a bounce. The immediate level to focus-on is the blue line in the chart. If the price manages to clear that blue line via a green WRB (with higher volumes) then the...
Crude Broke Uptrending Line. I will start Looking For 36 Region, ONCE it gets below and STARTS CLOSING below 44 Level. Keep watching
The rally is extending upside currently trading@1305$. MCX Gold- Vow Gold Spending Time in the Zone 1250-1260$
Looking for Short Setup. BUT only on Further Price Confirmation