Crudeoil is making inverted head and shoulder on 1 hour time frame Weekly time frame is downtrend Crudeoil trading at weekly strong demand zone Target we may see 6072 and above that 6279 This chart is only for educational purpose. Do your own analysis before taking any trades
Courage is that you see a lot of sugar in one place, and you can hold back. Courage is your own persistence and look at your favorite books. Courage is to do more homework and write each word. Courage is when you are thirsty, let the water be given to others first. Crude oil rose by 77.2 and fell by 78.55 as mentioned yesterday, and the two-way profit was...
In our previous article, we discussed impulsive wave C and its continuation. On 20 January 2023 , Price achieved our all given targets. Click here - ----------------------------------------------------- Timeframe : MCX Natural gas has accomplished the corrective wave B and started falling for impulsive wave C. Price has given a reversal from previous wave C,...
MCX Natural Gas - After a big up trend currently in consolidation phase. Bullish - Above 280 Bearish - Below 268 If it breaks neck line of head & shoulder pattern it will give big point in down trend
On the chart above, we have plotted three different MAs on the 1-hour chart of MCX Natural gas futures. As you can see, the 62 MA is indicating a downtrend ahead. And 5 MA & 30 MA are crossing each other for a reversal. This reversal can be for 174 to 180 levels. But according to the support & resistance trendline, we may see continue price collapsing. I...
1.Resistance at 188 2.Best support 160 3.This call is for the Risky buyers
Range bound trade expected in near term.. Bounce back and resistance zpnes marked on teh chart.... Like.... Follow... Share... Stay Tuned....
As per the following chart, MCX natural gas is under downtrend for a short period. Without fake-out, commodity natural gas prices may drop for 118 - 116 levels below. How about E? If its price remains above to the support, we will see 126.6 - 128+ soon.
Natural gas (03.12.2014) made high round $4.6 on unexpected cold front in November month while upcoming mild weather forecast forced trader to book profit on higher levels. On fundamental side, mild weather in US expected to continue for coming 2 weeks & will put more pressure on prices. On other hand current inventory level of natural gas is 3432 bcf which is...