Shalvisharma5

Shalvisharma5

#Gold Setup For this Week 📊 Time Frame : Daily 📉Strategy : LONG 📆 08.01.2024 As observed, gold formed a significant liquidity gap between 62640-62720 and a second one in just 4 days. The gap created on January 2nd led to a drop in gold prices to 62180. ________________

Shalvisharma5

🔸Timeframe: 4 hour 🔸Strategy: Long 🔸Anticipating a breakout in natural gas above 222, targeting a move to 233 within the week. 🔸October 2023 marked the 30th consecutive monthly increase in US dry natural gas production. 🔸Production levels reached 104.5 billion cubic feet per day during this period. 🔸Estimated natural gas consumption experienced a 3.3%...

Shalvisharma5 Updated 

#USOIL update for 1st Jan! Seems like bearish The bearish outlook may be influenced by various factors such as geopolitical events, supply-demand dynamics, or economic indicators. It's essential to monitor price action and market conditions closely for potential trading opportunities or risk management strategies.

Shalvisharma5

🔸Timeframe: 4 hour 🔸Strategy: Long Bearish above 74653 Explanation: This trade strategy suggests entering a long position if the price surpasses 74653. The target for potential gains is set at 75583, while a stop loss at 74158 aims to manage potential losses. _____________ 🔸If you understand and support my view give it a thumbs up👍

Shalvisharma5

The current outlook for the market appears to be bearish. However, it is advisable to exercise caution and wait for confirmation before making any trading decisions. This approach involves assessing additional factors, such as technical indicators, fundamental developments, or potential market catalysts, to validate the bearish sentiment.

Shalvisharma5

#NaturalGas Timeframe: 30 mins In the current market, 214 is a key resistance level, signifying potential obstacles for upward movement. Conversely, 210.1 is a crucial support level, indicating a potential bounce-back point. Observing price behavior at these levels provides insights. A breakthrough at 214 may signal upward momentum, while a drop below 210.1...

Shalvisharma5

#USOIL 🔸#CrudeOil 🔸Timeframe: 15 min In the oil market, a bullish scenario is anticipated if prices surpass the critical level of $72.43. This could signal a potential upward trend, prompting traders to consider long positions. Conversely, if prices fall below the key support level of $71.64, a bearish outlook may emerge. This level is crucial, as breaching it...

Shalvisharma5

In the current scenario, consider initiating a long position if and only if a candle sustains above the 6053 level. On the other hand, for a short position, wait for the level of 5983 to be broken, ensuring that at least one candle maintains its position below this level. Please confirm if these levels are suitable for you by commenting and liking. 👍

Shalvisharma5

TimeFrame: 45 Mins The parallel channel in the market suggests a prevailing trend. After a recent upward movement, there's currently a downside trend of more than 50 points. Additionally, the formation of three bottoms indicates a potential reversal in the direction of the trend after touching parallel support Give it a thumbs up if you agree and support👍 🚀

Shalvisharma5

🔸Timeframe: 4 hour 🔸Intraday strategy: Neutral 🔸Long time Strategy: Long Following the holiday break, gold has risen, and forecasts anticipate a further increase. Expectations of Federal Reserve interest rate cuts, coupled with lower-than-expected Core PCE index data, are driving investor interest and providing opportunities for gold price growth. If...

Shalvisharma5

🔸Timeframe: 4 hour 🔸Strategy: Short Natural gas futures rose 4.8%, ending a volatile week and snapping a six-week losing streak. The market saw fluctuations around on contracts, with bulls gaining momentum. Light demand is expected until Dec. 30, and colder temperatures in early January could boost gas use. Resistance: 211.1 Support: 207.4 _____________ 🔸If...

Shalvisharma5

🔸 Timeframe: 4 hours 🔸 Strategy: Long Crude oil prices witnessed a decline as they were unable to breach the resistance at 6225, leading to a downside. It's crucial to note that the market dynamics might undergo a shift, especially considering the influence of upcoming manufacturing data from both China and the USA. 🔸 Resistance: 6279 🔸 Support: 6142

Shalvisharma5 Updated 

🔸Timeframe: 1 Day 🔸Strategy: Long Gold's bullish view remains valid as long as it sustains above the resistance level of 62800. However, the bull view would be invalidated if the price falls below 61640. There's a notable probability of rejection from the 62800 level. If there's a trend reversal from this level, I'll provide an update beforehand. Stay tuned...

Shalvisharma5

🔸Timeframe: 4 hour 🔸Strategy: Long In yesterday's session, crude oil prices experienced a decline following inventory data. However, in the 4-hour time frame, a Doji candlestick pattern was observed, indicating market indecision, and subsequently, a reversal towards the upside. For today's session, the resistance is identified at 6225-6228. If this level is...

Shalvisharma5 Updated 

🔸Timeframe: 1 hour 🔸Stratergy: Long The intraday support at 75426 is crucial. A breach and sustained trading below this level may trigger a downside move of 100 points, potentially invalidating the bullish view. Traders should closely monitor this key support level for potential market direction. 📉 ____________ 🔸If you understand and support my view give it...

Shalvisharma5

Crudeoil Intraday Timeframe: 15 min Strategy: Neutral On December 21, oil prices declined, breaking a three-day winning streak, primarily driven by concerns about low demand following an unexpected rise in U.S. crude inventories. Despite worries about global trade disruptions from Middle East tensions, the focus shifted to sluggish demand. The provided...

Shalvisharma5 Updated 

Time Frame: 1 hour Strategy: Long - BREAKOUT🔥 Crude oil is poised for a potential breakout towards the 6300 range as it faces resistance. The current stability is influenced by Houthi militants' activities in the Red Sea, impacting oil supply. Initial concerns led to a rise in prices. Today's crude oil inventory data could further impact the market, shaping...

Shalvisharma5

The current price is undergoing a test of a robust support area, suggesting a possible rebound and a retest of local resistance before a potential decline. There's an anticipation for silver to reach the 73000 zone in the coming days, contingent upon finding support within the range of 72500-72860. However, a breach of this support could indicate a potential...