Shalvisharma5

Shalvisharma5 Updated 

We’ve got natural gas lying in a falling wedge pattern, which typically hints at a potential bullish reversal once it breaks out of the wedge. Natural gas recently took support around the 190 level, signaling that the buyers are stepping in to defend this price area. Entry Strategy: I’d wait for a confirmed breakout above 195.5 before entering a long position....

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Crude Oil Update (4-Hour Timeframe) Chart Analysis 🛢 Current Price: 6943 📈 Phase 1: If Crude Oil sustains above 5928, potential targets are: Target 1: 6090 Target 2: 6300 Target 3: 6500 Stop-Loss: 5780 📊 Pattern Formation: Rising wedge, signaling a potential upside breakout. Watch closely for confirmation! ⚠️ Risk Management: Don't forget to set your...

Shalvisharma5

Crude Oil Update (4-Hour Timeframe) Chart Analysis Current Price: 5935 Phase 1: If Crude Oil sustains above 5928, potential targets are: Target 1: 6037 Target 2: 6145 Stop-Loss (SL): 5870 Pattern Formation: Rising wedge, with price movement currently within the pattern, signaling potential breakout. Risk Management: Make sure to set stop-loss orders to...

Shalvisharma5

Crude Oil Update (4-Hour Timeframe) Chart Analysis Pattern in Formation: Crude oil is currently in the process of forming a triangle pattern. A breakout on either side could present a potential upside or downside movement. Above 6340 = bullish move 📈 Below 6270 = bearish move 📉 Fundamental Outlook: Keep an eye on the Core PPI data at 6 PM, as it could...

Shalvisharma5

Technical Analysis: Crude Oil (1-Hour Timeframe) Short-Term Outlook: Bearish Trade Setup: Target: 6240 Invalidation Level: Above 6311 Rationale: Oil prices are currently volatile due to escalating Middle East tensions and ongoing supply disruptions. Despite a sharp decline in US inventories, economic concerns and profit-taking are putting downward...

Shalvisharma5

Technical Analysis:Naturalgas (1-Hour Timeframe) Short-Term Outlook: Bullish Trade Setup: Target 1 - 178 Target 2 - 182 Risk Management: make sure to put stoploss Disclaimer: This is a technical analysis based on the provided data and should not be considered financial advice. Trading involves risk, and past performance is not indicative of future...

Shalvisharma5

Technical Analysis: Crude Oil (1-Hour Timeframe) Short-Term Outlook: Bullish Trade Setup: Support: 6233 Resistance Levels: 6300, 6350 Stop Loss: 10-20 points below entry Rationale: Crude oil is showing a bullish trend above the key support level at 6233. As long as the price remains above this level, the outlook remains positive. The next resistance...

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Natural Gas: Bullish Cup and Handle Setup (1h) ☕️ Heads up, gas bulls! A cup and handle pattern is forming on the 1-hour chart for natural gas. Current Price: Hovering around 175 - 177 Target: Eyes on a potential breakout Target 1 - 179 Target 2 - 183 Support: Watch the175.5 level as key support. Confirmation: A decisive break and close above the handle...

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Crude Oil trapped in a falling wedge pattern. Key Levels: Downside: Below 6835 (potential drop) Targets: 1st: 6805 2nd: 6785 3rd: 6760 Upside: Above 6860 (potential breakout) Both scenarios could see significant swings (around 60 points). Stop-Loss: Minimum 10 points below entry (adjust based on risk tolerance) Disclaimer: This information is for educational...

Shalvisharma5

Current Situation: Natural Gas is currently trading in a supply zone, indicating potential selling pressure. Support Levels: Support 1: 177.50 Support 2: 173.10 Bearish Factors: Cooler weather forecast: This could reduce demand for natural gas for heating purposes. Freeport LNG disruptions: Continued issues at the Freeport LNG export facility are limiting...

Shalvisharma5 Updated 

Current Situation: Crude Oil is currently trading above the key level of 6950, indicating short-term bullish momentum. Entry Long Above 6990 (Breakout Entry) Target Prices Target 1: 7020 (Initial Target) Target 2: Open (Depending on Momentum) Stop Loss Stop-Loss: 6940 (Below Key Support) Analysis: Crude Oil has been trending upwards in the 1-hour timeframe. A...

Shalvisharma5

Current Situation: Natural Gas is currently trading around 195.75 (based on your previous info). Analysis: We're observing a potential breakout situation on the chart. Bullish Breakout: If Natural Gas breaks and closes above 196.5, it could signal a potential price increase. Target: No specific target mentioned, but a breakout typically suggests prices could...

Shalvisharma5 Updated 

1 hour timeframe || Walling wedge pattern spotted Breakout Above 6835 Target Prices Target 1: 6860 Target 2: 6880 Stop Loss Stop-Loss: 6810 Analysis Price action is currently above the entry level of 6835, indicating a potential long opportunity. Target prices are set at 6860 and 6880, offering potential profit areas. Stop-loss is placed at 6810 to mitigate...

Shalvisharma5 Updated 

Timeframe: 1-hour Current Situation: Gold is inching higher in the 1-hour timeframe. Sentiment: Bullish above: 72600. Stop-loss: 72400 (Remember, stop-loss is a risk management tool, adjust this level based on your risk tolerance) News: Investors are cautiously optimistic as they await comments from Fed Chair Powell and key US inflation data...

Shalvisharma5

VANTAGE:NG Eyes Bullish Breakout! (July 10, 2024) 1-hour Chart: Falling wedge pattern hints at a potential price reversal. Current Price: ≈ 199.5 Bullish Signal: Watch for a break and close above 199.5 (resistance). Downtrend resumes if price falls below 198.3.(Support) Volume: Increased trading volume on the breakout would strengthen the bullish...

Shalvisharma5

Timeframe: 1-hour Current Situation: Crude Oil is currently trading within the zone it established last week. There's an unfilled gap on the chart, indicating a potential price move to fill it. Analysis: For an upside move, bulls need to see Crude Oil sustain above the key resistance level of 6940. This would be a positive sign and could lead to a move...

Shalvisharma5

Silver (XAGUSD) || Update | July 03, 2024 Timeframe: 4-hour Current Situation: Silver is exhibiting a falling wedge pattern on the 4-hour timeframe. This pattern often precedes a price breakout in the direction opposite the wedge's slope (upward in this case). Analysis: The falling wedge suggests potential for a bullish breakout, with a target zone ranging from...

Shalvisharma5

Potential crude oil price movement in a 1-day timeframe Shooting Star Pattern identified, a bearish reversal candlestick pattern called a "shooting star." This suggests a potential price decline if certain conditions are met. Key Levels: Support: 6840 - If the price falls below and sustains under 6840, it could indicate further downward movement. Resistance:...