Shalvisharma5

Shalvisharma5

Update :- 🔸Support at 6811, with a potential move towards the 7000 level for settlement. Long only above 6950-6960. 🔸Crude oil prices declined over 3% due to robust US oil supply & growing demand concerns. 🔸US crude inventories increased by 2.735 million barrels.

Shalvisharma5

🔸Technical Analysis: Current Situation: Crude oil is approaching the critical support level at 7100. 🔸Scenarios: If the support at 7100 is breached, further downward movement is anticipated, with potential for lower levels. However, there's a possibility that crude oil could find support at this level and reverse its direction, moving upwards. 🔸Market...

Shalvisharma5

🔸Technical Analysis: Support: 142 Resistance: 149.1 🔸Current Observation: Natural gas has found support at the 141.3 level. Market News: 🔸European natural gas prices have surged to a 2024 high, driven by heightened tensions in the Middle East, supply disruptions, and forecasts of lower wind conditions. 🔸UK natural gas futures surged to a 2024 high of above 81...

Shalvisharma5 Updated 

Here are the key levels to watch: Bullish above 7190: If crude oil prices rise above the 7190 level, it indicates bullish momentum in the market. Bearish below 7100: Conversely, if prices fall below 7100, it suggests bearish sentiment taking hold. Traders and investors are closely monitoring these levels to gauge market direction and make informed trading decisions.

Shalvisharma5

Technical Analysis: Price failed twice to breach 7322, forming a double-top pattern. Key neckline at 7057 suggests potential downtrend to 7000, unless breaking above 7330. Support at 7100 (Bearish) Resistance at 7170 (Bullish above) Market Insights: 🔸 Potential dip in oil prices below $90/barrel post Iran's attack on Israel, considering pre-existing rally and...

Shalvisharma5

Technical Analysis: Natural gas prices bullish above 160.1, bearish below 154.5. 🔸UK natural gas futures surged to nearly 72 pence due to fears of attacks on Ukrainian storage. 🔸Oil prices at six-month highs amid Middle East tensions. 🔸Japanese LNG demand rises, intensifying global supply competition. SENTIMENTS : Bullish🚀 Wait for 1 hour candle for confirmation.

Shalvisharma5 Updated 

Today, there were no trades in crude oil. I anticipated an upward movement, but it reversed instead. According to the chart, if crude remains below 7100, it may be considered bearish. A bullish signal is only confirmed if it rises above 7150.

Shalvisharma5

Technical Analysis: Short covering observed. Support: 155. Resistance: 159.9, also previous week's high. target - 159.9 - 164 European natural gas prices surged due to a pipeline outage and concerns over the Ukraine conflict affecting energy supplies. LNG prices rose with increased demand in Asia.

Shalvisharma5 Updated 

Technical Analysis Report Timeframe: 1 Hour Long Entry: Buy Natural Gas between the price range of 105.7 to 105.9. Target Price: Aim for a target range of 152.4 to 153. Stop Loss: Set a stop loss at 149.1. Logic: Anticipating upward movement towards the 100-period Exponential Moving Average (EMA) and resistance at 152.4.

Shalvisharma5 Updated 

Timeframe: 1 Hour Crude oil opened with a gap-up today, indicating bullish momentum. The price faces resistance at the 7255 level, a significant barrier observed in historical price action. Anticipation of a gap fill suggests a potential retracement to fill the void created by the gap-up opening. Support is identified between the 7150-7130 zone, where buying...

Shalvisharma5

TimeFrame: 1 Day Price Levels: Silver is currently trading above the crucial psychological level of 79000, indicating strong investor interest and bullish sentiment in the market. Current Price: 79650 Target: 80300- 80400 All-Time Highs: The ongoing price action has resulted in the establishment of consecutive all-time highs, suggesting an uptrend with...

Shalvisharma5

🔸 Entry Points for Selling Gold Timeframe : 4 Hour 📈Technical Analysis - Weekly Observing a rising wedge pattern forming. Gold price sustaining above the wedge, indicating potential downward movement. 🔸Short-Term Analysis Triangle pattern breakout expected. 🔸Below breakout point: 66300. Target: 65800 🔸Above breakout point: 66450. Target: 66800

Shalvisharma5

Crude Oil: Technical & Fundamental Headwinds 📆 Update - Mar 27 🕓 Timeframe: 1 hour 📈Technical Breakdown: A rising wedge pattern on the 1-hour chart has broken, potentially signaling a downtrend. (Your previous analysis is acknowledged!) Target to be: 6690/ 6660 💲Price Drop: WTI crude futures fell to $81/barrel on Wednesday. Inventory Surge: US crude...

Shalvisharma5

🌐Timeframe 1 Hour 📅 Date: March 21 📉 Technical Analysis: Crude oil found support at 6724 and rebounded towards resistance levels, indicating resilience despite recent fluctuations. 📊 As per the news, oil prices remained stable despite previous declines, supported by unexpected drops in US oil stocks and concerns over Russian refinery attacks.

Shalvisharma5

🌐Timeframe 1 Hour 📅 Date: March 20 📉 Technical Analysis: Natural gas is currently exhibiting a symmetrical triangle pattern within a narrow range on the 1-hour timeframe. This indicates indecision in the market. 📊 As per the analysis, it's prudent to wait and observe if the price continues within the triangle pattern before considering any trading decisions.

Shalvisharma5

Timeframe: 1Hour Strategy: Long Technically Natural gas price is forming a triangle pattern, suggesting a potential breakout. Traders watch for a decisive move. As per the news Natural gas prices surged as colder US weather forecasts increased heating demand. Shutdown of a Texas LNG terminal unit limited exports, while lower US electricity output...

Shalvisharma5

Timeframe: 15 minutes. NaturalGas below 100 EMA suggests bearish sentiment. Consolidation box break signals downside movement. Idea for short-term trade opportunity in natural gas. Traders may consider short positions based on EMA and consolidation break.

Shalvisharma5

📆Date: 15 Mar 🕓TimeFrame: 4 hour Technically: 🔸Crude oil forms a rising channel after reaching resistance at 6767, beyond a bearish overbought condition. It now trends downward on the 4-hour timeframe. Target 1: 6578 Target 2 : 6500 As per the news: 🔸Energy agencies anticipate Q2 oil supply shortfall due to extended OPEC+ cuts. 🔸IEA optimistic on global...