Crudeoil Update (4-Hour Timeframe) Pattern Formation: Falling Wedge, typically suggesting a potential breakout to the upside. Current Setup: Crudeoil has taken support at the 5900 level and is now trending upward within the wedge. Entry Above: 6025 Target 1: 6100 Target 2: 6220 Target 3: 6380 Stop-Loss: 5970 Analysis: Price has shown resilience at support,...
Silver Update (4-Hour Time Frame) Pattern: Bull flag pattern forming, indicating a potential bullish reversal. Fundamental Outlook: Gold prices hit a new all-time high following the Federal Reserve's interest rate cut, signaling positive momentum for precious metals. Key Levels: Support at 89,030. Breakout Confirmation: A strong move above 90550 will confirm...
Crude Oil Update (4-Hour Timeframe) [ b]Bullish Indicators Identified: A breakout from a falling wedge pattern is anticipated. Price is expected to first take support from the current zone before a breakout occurs. Key Levels: Support: 5480 Resistance: 5830 Breakout Confirmation: Wait for price to hold at support before confirming the breakout...
Gold Update (1-Day Timeframe) Chart Analysis Bullish Indicators Identified: A triangle pattern is forming, signaling a potential breakout soon. This formation often results in a sharp move, with an expected gain of 1500-3000 points in the upward direction. Key Levels: Buy above 75000 for a bullish breakout. Target Levels: First target: 75500 Second...
Crude Oil (1 Hour Timeframe) Pattern: Double top spotted in crude oil. Bearish Indicators Identified: Crude oil is trading within a falling wedge pattern, hinting at potential for a bearish breakout. The price is testing key support zones while repeatedly rejecting at the resistance. Fundamental Outlook: Weaker-than-expected Chinese demand and Fed rate...
Gold Technical Analysis (1-Hour Timeframe) Gold is currently forming an ascending triangle pattern, with strong resistance at 72,748. A breakout above this resistance level could indicate further upside potential. However we can plan our trade from the bottom 71700 towards the 72200 Keep an eye on this key level for potential trading opportunities. 📈 Don't...
Crude Oil (1 Hour Timeframe) Pattern: Falling wedge pattern, signaling a potential breakout. Entry: Long position above 6040 Target Levels: 1st target: 6100 2nd target: 6140 3rd target: 6200 4th target: 6235 Stop-Loss (SL) : yours Risk Management: Set stop-losses appropriately to manage risk and avoid potential losses. Fundamental Factors: Fed...
Silver Update (December) - Symmetrical Triangle Pattern Pattern Forming: Silver is currently forming a symmetrical triangle, signaling a potential breakout in either direction. Bullish Scenario: Break Above: 84,780 Bearish Scenario: Break Below: 84,050 Both breakout directions could offer 800-1,000 points movement. Watch for confirmation before entering...
Silver (XAGUSD) 4-Hour Chart Analysis Pattern Formation: An Inverted Cup and Handle has formed, which is typically a bearish continuation pattern. This suggests a potential decline in prices if the pattern completes. Breakdown confirmation: Price is currently below the critical level of 82,290. A break below this support can confirm the bearish signal and...
Gold (XAUUSD) 4-Hour Chart Analysis Pattern: Ascending Triangle Breakout Level: 72,250 Potential Target: 200-400+ points Market Sentiment: Gold prices stable in India; Silver increased on MCX. Key Indicators: Gold is forming an ascending triangle, signaling potential bullish momentum. A breakout above 72,250 could indicate a significant upward move. Risk...
Natural Gas (NATGASUSD) 1 DAY Chart Analysis Bullish Indicators Identified: Bullish breakout above the neckline of a double bottom pattern, previously acting as horizontal resistance. Break of a falling trend line, signaling potential trend reversal. Expanding Demand Zone: The broken structures suggest a new demand zone, increasing the likelihood of a...
Crude Oil Weekly Technical Analysis Timeframe: 1-Day Resistance Level: 6,190 Expected Move: Pullback from 6,190 resistance towards 6,038 support zone Support Level: 6,038 (multi-swing-low support area) Outlook: Potential bounce off the support area could lead to a climb higher Don't Forget To Push The Boost (Like) Button and Follow Me for more ! Best Regards...
Crude Oil (4-Hour Timeframe) Analysis Pattern: D cup formation in progress Price Targets: 1st: 6500 2nd: 6600 3rd: 6680 Stop Loss: Near demand zone News: Oil prices rose on Monday due to fears of regional conflict and expectations of U.S. interest rate cuts. However, weak global economic outlook and OPEC's planned output increase remain...
Crude Oil Analysis (1-Hour Timeframe) Current Pattern: Crude oil is trading within a falling wedge channel, indicating potential for a breakout. Breakout Levels to Watch: Key Resistance: A break above 6185 is crucial for confirming the breakout from the wedge pattern. Sustained Move: If crude oil can hold above 6240, it would signal strength and a higher...
Silver (1-Hour Timeframe) Breakout Alert: Silver has broken out above 85,000. Target: Anticipating a move higher by 500- 800 points Pattern: Potential bull flag formation in progress. Risk Management: make sure to put stoploss Disclaimer: This is a technical analysis based on the provided data and should not be considered financial advice. Trading involves...
Technical Analysis: Crude Oil (1 - DAY Timeframe) In the 1-day timeframe, we're currently observing a developing cup and handle pattern. Should the price sustain below the demand zone, the probability of further downside increases, signaling potential bearish momentum? Conversely, if a reversal occurs, there is a strong likelihood of a significant upside...
Crude Oil (1-Hour Timeframe) Recent Breakout: Crude oil has broken out from a falling wedge pattern, signaling potential for further upside if price sustains above the breakout level. Outlook: Monitor for signs of retracement or consolidation. Strike Price Trade Setup: Entry: Above 6,550 Targets: 6,570, 6,600, 6,630 Stop-Loss: Must have Remember to adjust...
Technical Analysis: Crude Oil Timeframe: 1 hour Current Situation: Oil prices have increased due to lower US inventories and ongoing tensions in the Middle East. However, concerns about weak Chinese demand and potential US interest rate hikes are keeping the market cautious. Price Action: Crude oil remains range-bound, moving within a rising wedge pattern...