after breakout on daily chart gold is ready for breakout. 1H chart is ready for triangular break out . which will break weekly trendline. 1900$ is next resistance .
1. breakout on weekly chart 2. crude prices soften 3. Fibonacci level 62 % is next target. if cross than good buy for positional trade
1. price contraction is building up. ( wedge pattern ) 2.inflation and bond yield event has been observed by the market.( bad times are gone) 3. festive season is about to come. (+ve for entertainment industry) 4. 100 EMA support is visible as seen is past. one should wait for the breakout.
1. Reverse head and shoulder ( 15 minutes chart) 2. RSI is strong 3. 1:2 RR can be taken.
on weekly chart crude is making lower lows and lower highs. now with resistance of 86 $ i may fall back . -- RSI is also showing -ve divergence.
1. take support on 21 EMA. 2. close above 200 EMA 3. long buildup in futures. 4. 190 to 194 multiple support . ( 21 EMA, weekly CPR) 5. 214 weekly chart resistance . 5. RSi above 50 since last few weeks. one should consider to buy around 195 ,,stop loss 190 ,, target 214 .
cement sector shows bad quarterly results . 1. head and shoulder pattern. 2. RSI week. 3. Trading below monthly pivot. target 2040.
1. close above 200 2. sustain above 65700 3. festive season demand target 68400/70000. stop loss 65000
natural gas 1. close above yesterday high 2. good support around 400 levels. 3. daily trendline (yellow one) act as a support 4. 20 EMA support. target- 425/ 430 stoploss - 404 closing basis.
1. breakout on daily chart. 2. RSI is strong. 3. weekly CPR pivot at 320. trading above it. 4. next resistance at 355.
1. RSI is in overbought zone. 2. DOJI candles with lower high 3. upside 60400 target, 4. not week but one should enter when cross the all time high, or brent cores 84$ and close. 5. trading above weekly CPR. high chances of retracement .
world is facing crisis over energy. Also some chance of bond yield getting high. both might push gold up. hence we need to wait till range breakout.
silver has retest is daily trendline after breakout. looking for new high till 620000. keep stop loss below 60500.
on daily time frame rsi is showing +ve divergence. although market shows -ve for gold but, festive demand and china crisis for energy & realstate might push gold. waiting for one green candle.
USDINR have gone up . But, a retracement is pending before speeding up . wait to touch back74.30 zone(yellow line)
1. silver etf is about to launch (+ve for silver) 2.festivel ahead (+ve for silver) 3. weekly trendline(white one) is far and support is at faverable point. 4. rising bond yield and china crisis is still at front.(+ve for silver) one should look for buying opportunity.
1. Cup and handle pattern on daily chart. ( handle is in under construction.) 2. china energy crisis. 3. rising dollar $$ 4. increasing bond yield 5. OPEC countries are unable to increase crude production as per demand All above are the indication of crude might see new high. one should look opportunities to buy.
1. volume is showing -ve sign in price. 2. RSI is in also showing weakness. 3. price is in the midway of resistance and support. one should avoid any fresh trading position in apple.