Shalvisharma5

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...

Shalvisharma5 Updated 

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...

Shalvisharma5 Updated 

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:...

Shalvisharma5

Bulls Charge, But Bears Lurk Below Support: 6890 (New!) Resistance: Watch for 7025 Long: Above 6960 (SL below 6890) Wait: Confirmation of uptrend (Price, Volume, Indicators) Short (Aggressive): Below 6890 (High Risk) #OilTrading #CrudeOil #Breakout Disclaimer: Educational only. Not financial advice.

Shalvisharma5

Natural Gas Braces for Potential Rangebound Bearishness Current Situation: Natural gas appears to be settling into a potential rangebound pattern with key levels to watch. Support: The support level sits at 211.9. A break below this point could signal further downside movement. Resistance: Overhead resistance is located at 220. A decisive break above this...

Shalvisharma5

Timeframe: 4 Hour -- Rising wedge reversal breakout Analysis : Crude oil has potentially broken a key support trendline on the 4-hour chart, indicating a shift in momentum. This could signal a potential downside move in the near future. Key Levels: Breakout Point: 6735 (Support trendline) Target: 6655 (Based on the measured height of the trendline) Entry:...

Shalvisharma5

Natural Gas: Bulls Charge Above Supply Zone Timeframe: 4 Hour Analysis: Natural gas is exhibiting bullish signals on the 4-hour chart. The price recently bounced from a supply zone, indicating buying pressure and a potential reversal to the upside. Additionally, a falling wedge pattern appears to be forming, which is a technical indicator that often precedes a...