Shalvisharma5

Shalvisharma5

Triangle pattern Current Outlook: Consolidation Crude oil is currently trading sideways around the 6221 support level. Potential Scenarios: Bullish Breakout: A sustained move above the 6245 level could signal a bullish trend, with initial resistance at 6300. Bearish Continuation: A breakdown below the 6210 support may lead to a retest of the 6135...

Shalvisharma5

Technical Analysis: Crude Oil (1-Hour Timeframe) Short-Term Outlook: Bearish Trade Setup: Entry: Below 6410 Target: 6360 Stop Loss: 6436 Rationale: The price is currently below the crucial level of 6410. A break below this level suggests a potential bearish trend. The target of 6360 represents a potential downside move. However, if the price moves above 6436, it...

Shalvisharma5

Natural Gas Analysis Natural gas experienced a short-term rally due to unexpected hot weather forecasts, pushing prices into a supply zone. However, the market remains cautious due to persistent high inventory levels and rising production. Key Levels: Resistance: 180 Targets: 1st: 182.5 2nd: 185 Support: 177.5 Stop-Loss: Minimum 10 points below entry (adjust...

Shalvisharma5

Potential Trade Setup: Based on the information provided, the trader is anticipating a bearish outlook for Crude Oil on a 1-day timeframe. The formation of a D cup pattern suggests a potential target of 6200-6100.

Shalvisharma5

Trade Setup: Short Position: Below 6450 Target: 6400 Stop Loss: 6490 Timeframe: 1 Hour Remember: Technical analysis is just one tool in a trader's arsenal. It's essential to combine it with other factors and conduct thorough research before making any trading decisions.

Shalvisharma5

Technical Pattern Analysis Pattern: Potential Bullish Breakout from trendline Timeframe: 1 Hour Analysis: Crude oil is showing signs of a potential bullish breakout. A sustained move above 6500 level could signal a bullish trend, with initial targets at 6600-6700. Positive sentiment is supported by a decline in crude inventories and supply disruptions due to...

Shalvisharma5

Crude Oil Update: Potential Bullish Move on the Horizon (Informative) Heads up, commodity traders! Crude oil is currently exhibiting bullish signals, suggesting a potential price increase. Here's a breakdown for your reference: Target: 6840 (This is the level the price might reach if the bullish trend continues) Stop-Loss: 6760 (This is a pre-determined price...

Shalvisharma5 Updated 

Hello Guys, When trendlines on a chart come closer and meet, forming a triangle, it suggests a period of price consolidation. Watch for a potential breakout, indicating a new market trend. BREAKOUT COULD BE UPSIDE OR DOWNSIDE. It's advisable to wait for the price to reach the right level before making any trading decisions. I will share the level as soon I...

Shalvisharma5

In the daily timeframe, Natural Gas is finding support at 239.2. If it sustains above this level, we might observe further upward movement. However, if it fails to hold, a bearish trend could emerge, potentially reaching 233 today.

Shalvisharma5 Updated 

#GOLD is showing signs of a breakout, with a clear cup formation. This bullish pattern suggests a potential upward surge in prices, making it an opportune time

Shalvisharma5

In the last three trading sessions, Natural Gas prices went down with some periods of sideways movement. This happened because there was more inventory (stock of natural gas) than people expected. The important levels to watch are: Resistance at 247.7 (where the price might stop going up) Support at 239.2 (where the price might stop going down). If the price...

Shalvisharma5

The daily update for gold indicates a potential increase in prices as the dollar weakened following US economic data. - Support is identified at 67000, and a breach of this support could lead to a downside of 200 points. - Resistance is positioned at 60850.

Shalvisharma5

Crude oil, particularly Brent futures, experienced a nearly 4% decline to $78 per barrel, the lowest since July. This drop resulted from indications of reduced demand and alleviated supply concerns. Factors include China's decreased refinery throughput and a US decline in fuel supply.

Shalvisharma5

#CRUDEOIL Breakout Expectation: Anticipating a breakout soon. Buying is recommended, but specifically above the price of 6390.

Shalvisharma5

#Copper Market Levels: Resistance: 712 Support: 708 Trading Strategy: A trade plan is suggested only if either the resistance at 712 or the support at 708 is breached.

Shalvisharma5

Resistance: 6900, 7080 Support: 6750 Moving towards support 6750 BMI suggests that prices are fluctuating due to the conflict-related supply risks and concerns about a slowing global economy impacting demand. There's ongoing worry that Iranian oil output could face sanctions, potentially reducing supply in an already tight market.

Shalvisharma5

Natural gas prices dropped by 2.3% to $3.494 per unit due to expected warmer weather and the belief that US gas reserves will be higher than usual. SUPPORT AT 278 - 280(BUYING AGAIN ZONE) If not sustained above 278 then natural gas will enter in bearish zone

Shalvisharma5

Resistance: 6807, 6900, 7080 Support: 6750 CRUDE cost remains uncertain and depends on a variety of factors. 👉In the context provided, factors such as technical influences, Federal Reserve decisions, geopolitical tensions, and demand uncertainties all play a role. In short, we are waiting for one positive news that could lead to a hike in the price.