Shalvisharma5

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🔹Timeframe: 4 hour After a gap up opening good seem to be positive 🔹Strategy: Bull above 2026.68 level Resistance: 2035-2036 🔹Gold prices are heading for their first weekly gain in three weeks, supported by a weaker dollar 🔹Spot gold is up 0.1% at $2,026.5 per ounce, gaining 0.7% for the week. U.S. gold futures edged 0.2% higher to $2,035.5 per...

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Timeframe: 1 hour Bull above 69873 Bear below 69700 As per news Silver indicates vulnerability below 69700 if it fails to sustain above 69873. Overall, both silver and gold dipped 0.3% due to a stronger dollar and cautious Fed sentiments, with a 68% chance of a June rate cut.

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Timeframe: 1 Hour 📉 Crude oil poised for reversal post-resistance at 6542, with potential retest and move towards the next resistance at 6583. 🔹WTI crude prices stable around $78/barrel for the week. 🔹Initial 2% dip attributed to interest rate and demand worries. 🔹Strong US inflation data suggested higher borrowing costs. 🔹Market recovered as geopolitical...

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🔹 Timeframe: 1 hour 🔹Bull above 6500 🔹CrudeOil may test resistance at 6568 per barrel, a break above could lead to a gain into 6500 range. US refineries resuming operations after outages, boosting demand. Weaker dollar makes oil cheaper for buyers, increasing demand. Geopolitical tensions add support to prices. But, US crude inventory build raises...

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XNGUSD || Update |Feb 21st Timeframe: 1-hour After a gap-up opening, Natural Gas (NG) appears to be range-bound. Strategy: Currently, the trend suggests a move towards the resistance level at 1.861. The price action indicates a consolidation phase, and the market is poised for a potential upward movement. Key Level: Keep a close eye on the resistance level...

Shalvisharma5 Updated 

📊 Analysis 🔍 Timeframe: 1 hour 📈 Strategy: Bullish, then Bearish Observing a robust rejection point at 6600. Anticipating either a range-bound market or rejection from a bearish OB. Considering recent news: Oil prices remain in a tight range amid Red Sea ship attacks and demand worries. Brent crude and WTI show slight gains at $83.57 and $78.48, supported by...

Shalvisharma5 Updated 

🔸Timeframe: 4 hour 🔸Strategy: Bearish then Bullish 🔸XNGUSD expected trade above1.648, if sustain above it we can see further higher. Rejection near 1.85 - 1.8 🔸US natural gas futures hit $1.55/MMBtu, lowest since June 2020, driven by high production, 🔸storage, mild weather, and Freeport LNG's export issues. Winter's warmth increased inventories 15.9%.

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🔹Timeframe: 4 hour 🔹Stratergy: Neutral 🔹Silver prices at around $23 per ounce, down from seven-week highs. 🔹 Waiting on upcoming FOMC minutes and statements. 🔹Initial expectations for a March cut now shifted to a 53% chance of a 25bps cut in June. 🔹Silver expected to rise in 2024, influenced by a weaker dollar and lower Treasury yields amid looser Fed policy.

Shalvisharma5 Updated 

EA's Optimistic View: IEA forecasts global oil supply to outpace demand, with non-OPEC countries leading the rise. OPEC's Limited Options: OPEC faces challenges as demand for its oil is predicted to decline, limiting room to lift output without oversupply risks. Dubious Non-OPEC+ Increase: Doubts arise over IEA's projection of a 1.6 million barrels per day...

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Crudeoil Update || 15 Feb Timeframe: 1 Hour Strategy: Short 🔸Bearish below 6310 - target 6270, 6230 💥Crude oil prices decline due to an unexpected 12 million barrel 💥Increase in US crude stockpiles, according to ANZ Bank. 💥Gasoline inventories drop by 3.7 million barrels, mitigating losses. 💥OPEC's monthly report fallout continues as Iraq and Kazakhstan commit...

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Timeframe: 1 Hour Strategy: Long 🔶BULL above 6400 --- target 6486, 6520 🔶WTI crude futures stayed around $77 per barrel, near a two-week high, due to ongoing tensions in the Middle East. 🔶Israel's airstrikes in Gaza and Hamas ceasefire rejection impacted oil prices, but talks in Beirut hinted at easing tensions. 🔶Concerns about inflation and potential delays in...

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Timeframe: 4 Hourr⏰ Strategy: Neutral WTI crude rose above $76 per barrel, up nearly 6% for the week, driven by ongoing Middle East tensions. Geopolitical events, including an Israeli-Hamas conflict and a US strike in Iraq, influenced prices. Additionally, US gasoline inventories dropped more than expected. If it fails to sustain above 6300, then crude will...

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WEEKLY Timeframe: 4H Strategy: Long Resistance: 104.504 Anticipating a pullback after reaching 104.5 resistance. A sustained breakthrough may lead to higher levels. Long target: 104.70 - 104.90.

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🔸Timeframe: 1 hour 🔸Strategy: Short If fail to sustain above 170, then further downside will be seen like 165/160 ________________ Natgas prices hit a 9-month low after EIA reported a smaller-than-expected draw in inventories, influenced by warm U.S. temperatures reducing heating demand.

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🔸Timeframe:1 hour 🔸Strategy:Short If fail to sustain above 2.050, then further downside will be seen like 1.983 Natgas prices hit a 9-month low after EIA reported a smaller-than-expected draw in inventories, influenced by warm U.S. temperature

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#CRUDEOIL || 2nd FEB || Intraday setup 🔸Timeframe: 1 hour 🔸Strategy: Short Target - sustain below 6157 INVALIDATION above 6200 ________________ The OPEC+ monitoring committee's decision to maintain oil-output cut plans and the expectation of a gradual reversal of cuts have provided support to oil prices. The high conformity among members adds to the market...

Shalvisharma5 Updated 

Timeframe: 4 HOUR Nat-gas prices rebounded from an 8¾-month low, supported by fund buying near $2/mmbtu. Short covering followed, lifting prices. Warm U.S. temperatures, an LNG terminal outage, and ample supplies persist.

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A bearish signal looms for crude oil if it fails to sustain above the 100-day Exponential Moving Average (EMA), a key technical indicator signaling a possible downward trend.