Crude oil expected range this week: 7130 to 7400 Pullback expected in the midweek Support at 7130 Resistance at 7400
If #NaturalGas breaks below its 276 support level, we can see further downside.
Entry: Long if sustained above 286.5 Target: 294-300 zone Stop loss: Below bearish order block (OB) This analysis is based on the following factors: The price has been trending upwards recently. - There is a support level of 286.5. - There is a resistance zone at 294-300. - The trader is expecting the price to continue to move upwards if it sustains above...
The attack by Hamas in Israel is causing crude oil prices to surge, This is due to concerns about supply disruptions and the potential for the conflict to escalate. The overall increase we are expecting - 8-11% CRUDEOIL TODAY's TARGET 7250
By examining Naturalgas in the 4-hour frame, we can see that the price closed above (262 zone)bearish OB and also created a bullish candle. Expecting a flat or gap-up opening tomorrow. TARGET -> 272- 275
6880 price level is a key support level for crude oil. This means that if the price of crude oil falls below 6880, it could lead to a further decline in price.
Target 6800, SL 6960 This means that you should aim to profit when the price reaches 6800, and you should cut your losses if the price falls below 6960.
BUY Above 7400 - target 7500 and 7600 Don't carry forward trade for tomorrow
Gold is expected to take a bounce from the 57500 support level. If gold fails to sustain above 57500, it could fall to touch 57250. The fall in gold is due to a stronger US dollar, higher treasury yields, and the upcoming US Federal Reserve rate decision. Analysis Gold has been falling in recent days due to a number of factors, including a stronger US dollar,...
- Crude oil is losing momentum in the 1 hour chart due to persistently high interest rates. - Waiting for momentum to return near 6 p.m. today. - The chart shows possible targets for crude oil in the near future. Analysis The 1 hour chart of crude oil shows that the commodity has been losing momentum in recent hours. This is likely due to a number of factors,...
Reason for Fall - Due to the strengthening of the US dollar, metals came under pressure. Technically, a falling wedge pattern is forming, and the market could break out at any time. Astrologically, market sentiments are upside for the coming sessions, based on current planetary positions and movements. Next Support between 58000- 57800
The symmetrical pattern means a neutral chart pattern with two converging trend lines. More likely to break out in the direction of the prevailing trend. SELL BELOW - 7470 BUY ABOVE - 7580
Natural gas sustained above the support zone mentioned targets will likely see a continuation of the uptrend, with potential for further upside.
Russia's diesel export ban sends European prices soaring, amid geopolitical tensions, which could also lead spike in crude oil prices.
Look closely at the chart. Each time crude oil tries to gain upside momentum, it falls back to the same support level.
Gold prices are expected to trade in a range of 56,000-58,500 rupees per 10 grams this week, with a downside bias. The US Federal Reserve's commitment to a more aggressive monetary policy stance is likely to weigh on gold prices in the near term. However, gold could find some support from a weaker rupee and rising geopolitical tensions. If gold reaches between...
Fed rate hike signals pushed oil prices lower, with Brent crude closing at $92.40 and WTI at $88.57, marking a second day of losses. Analysts expect consolidation to continue, with short-term tightness supported by supply constraints. SUMMARIZE: We are expecting crude oil to fall between - 1.5 - 2.7% within this week
Technical Analysis: Crude oil is currently trapped in a demand zone. This means that there is a concentration of buyers at this price level, which is preventing the price from falling further. If the price of crude oil can break through the resistance at the top of the demand zone, it will likely continue higher. Trading Strategy: Traders who believe that...