Shalvisharma5

Shalvisharma5

🕓TimeFrame: 1 hour Technically: Natural gas found support at 1.740 and rose post-inventory data. Currently moving above the 100EMA, indicating a positive outlook in the 1-hour timeframe. If manage to sustain above 1.889 we will see further upside levels As per the news: 🔸Nat-gas prices surged after a larger-than-expected inventory drawdown of -9 bcf. 🔸Cooler...

Shalvisharma5

🕓TimeFrame: 1 hour Technically: Natural gas found support at 137.1 and rose post-inventory data. Currently forming a broadening wedge pattern, indicating a positive outlook in the 1-hour timeframe. If manage to sustain above 147-148 we will see further upside levels As per the news: 🔸Nat-gas prices surged after a larger-than-expected inventory drawdown of -9...

Shalvisharma5

🛢️ Time Frame: 1 Hour 📉 Status: Bullish 📅 Date: 12.03.2024 🔸In the hourly timeframe, crude oil appears to be following a parallel channel, trading within a specific range. 🔸Expect upward movement in prices on Wednesday, possibly influenced by production reduction and inventory data. 🔸Expected Traget 1 - 6554 Target 2 - 6584

Shalvisharma5

🕓 Time Frame : 1 HOUR 🔽 Status : Bullish 📆 12.03.2024 ➖➖➖➖➖➖ Status: 🔸Gold's Trend: bullish run with a target of $2200 and further potential to reach $2260. This suggests a long-term upward trend. 🔸Support and Resistance: It mentions strong support at the EMA50 (a technical indicator) around $2145 and a potential correction if this breaks. 🔸Here's a possible...

Shalvisharma5

🛢️ Time Frame: 1 Hour 📉 Status: Bearish 📅 Date: 11.03.2024 🔸In the hourly timeframe, crude oil appears to be following a parallel channel, trading within a specific range. 🔸Expect upward movement in prices on Wednesday, possibly influenced by production reduction and inventory data. #OilMarket #TradingAnalysis

Shalvisharma5

🕓 Time Frame : 4HOUR 🔽 Status : Neutral 🌐 Important 📆 11.03.2024 ➖➖➖➖➖➖ 🔸Downward trend: Prices have been generally dropping recently. 🔸Support at $146.50: If the price breaks below this level, expect a steeper drop to $137.70. 🔸Upside potential: If the price stays above $152.00, a possible upward trend might emerge. 🔸Remember: This is just a short-term...

Shalvisharma5

Timeframe: 1 Hour Strategy: Short 🔸WTI crude prices dropped to around $77 per barrel on Monday for the third consecutive session. 🔸Investor caution prevailed ahead of crucial US inflation data and monthly reports from OPEC and the IEA. 🔸Last week, WTI prices fell by 2.45% due to uncertainties in demand despite extended supply cuts by OPEC+. 🔸China's oil...

Shalvisharma5

🔸Timeframe: 1 hour 🔸Bearish below 6485, bullish above 6515 🔸Anticipating a bounce from 6413 support; sustained bearish momentum may lead to further downside levels. 🔸WTI crude drops to $78.5/barrel for a second day. 🔸Demand concerns outweigh OPEC+ supply cuts' impact. 🔸China's 5% economic growth target and voluntary cuts influence market sentime

Shalvisharma5

🔸Timeframe: 1 hour 🔸Crude most likey to touch the support at 6560 and move towards upward direction. 🔸OPEC+ may continue to cut oil production beyond Q1 to avoid oversupply. 🔸Commerzbank predicts oil prices will stay strong at $80 per barrel if geopolitical risks persist. 🔸Extending cuts until year-end would signal market tightness and positively impact prices.

Shalvisharma5 Updated 

Time Frame: 1 Hour Anticipating a significant breakout of 7% above 1.852. 📈 European natural gas futures rise to around $24.5 per MWh, showing a potential rebound from May 2021 lows. Mild temperatures until mid-March reduce gas withdrawal rates, maintaining high reserves at 63.8% capacity in Europe. Lower gas prices may increase demand from Asia, especially...

Shalvisharma5

Timeframe: 1 Hour Strategy: Bearish Oil Price Decline: Oil prices extended losses due to a larger-than-expected increase in U.S. crude stockpiles, heightening concerns about sluggish demand. Stockpile Build: U.S. crude inventories rose for the fifth consecutive week, increasing by 4.2 million barrels, surpassing analysts' expectations. Elevated Interest...

Shalvisharma5

TimeFrame: 1 Hour Crude oil turning bearish, after inventory news Crude oil has shifted to a bearish stance in response to recent inventory updates. The market is now poised to descend towards a key support level at 6460, reflecting the impact of evolving supply and demand dynamics in the oil sector

Shalvisharma5

Timeframe: 1 hour Strategy: Bearish Macquarie analysts forecast a 5.6 million barrel rise in US crude inventories. Refinery runs and domestic supply are expected to increase. Gasoline and distillate draws are predicted, while jet stocks remain stable. Implied demand is estimated at around 13.9 million barrels per day.

Shalvisharma5 Updated 

Timefame: 1 Hour Bull Above 104.021 Bearish below 103.883 Moving below 100 EMA, Invalidation of view above the EMA, level 103.94. 🔸DXY steadies at 104, awaiting crucial US inflation data. 🔸Focus on personal consumption expenditures index and global inflation figures. 🔸Fed Governor advises delaying rate cuts, impacting DXY based on inflation outcomes. 🔸A...

Shalvisharma5

Timeframe: 1 Hour Bearish below :77.45 Crude oil may turn bearish below $77.45, with a target of $77.00. The 1-hour timeframe suggests a range-bound movement if it fails to sustain above $77.50 after hitting a high of $78.00. -The yearly growth in oil supply from non-OPEC countries to be 700,000 barrels per day from 2024 to 2029. -The forecast is that Brent oil...

Shalvisharma5

Timeframe: 2 hour Just a idea As per the gobal news Technical selling pressure observed in gold and silver markets amid a lack of fresh fundamental news. Economic data this week, especially PCE data, could influence gold's trajectory. A weaker inflation reading may encourage a more serious debate on the timing of potential rate cuts, potentially...

Shalvisharma5 Updated 

Timeframe: 1 Hour View Bulllish Gold prices rise to $2,044.7/oz after Fed meeting minutes. Fed hints at potential monetary easing. China's base metals dip, but rate cut signals growth support. Possible boost to 2024 demand with further policy easing.

Shalvisharma5 Updated 

When the market opens, watch for the following moves on a 1-hour timeframe: 📌 Bull above: 61893 📌 Bear below: 61828 📌 Gold is indicating a rejection of the supply zone, with a bullish sentiment above 62200 and bearish below 61800. 📌 Will update chart once market is open.