SusmitBanerjee

SusmitBanerjee

Crude oil is likely to extend gains towards USD 63/65 in coming 1 to 2 months ahead of turning lower. If prices hold below USD 59 then prices are likely to turn down towards USD 55/55.60(Blue line projection) to complete Flat structure (Daily Chart) and then turn higher towards USD 63/65. In my earlier post I have projected about the recent decline in Crude Oil...

SusmitBanerjee

The pair is likely to extend gains towards USD 1.3720 by holding above USD 1.3220 in coming 1 to 2 weeks ahead of turning lower

SusmitBanerjee Updated 

Silver is likely to trade mixed within USD 21.90 to 13.60 for next 2 to 3 years ahead of final leg down towards USD 13 to 9 before starting the new upside cycle wave. As of now the prior swing bottom of USD 13.60 is likely to hold and provide fresh buying opportunities on dips.

SusmitBanerjee Updated 

Crude Oil prices are likely to extend gains towards USD 65 to 71 by holding above USD 50.50 ahead of turning lower towards USD 47 in coming 3 to 5 months.

SusmitBanerjee Updated 

The pair is unfolding within an impulsive rally which is likely to extend further gains towards USD 1.2450 in coming 1 to 2 months. The pair found support at USD 1.1560 and turned higher. The prior swing high of USD 1.2090 is a crucial resistance to watch out for . If prices fail to breach above USD 1.2090 then we might see a pullback towards USD 1.1560 levels to...

SusmitBanerjee Updated 

The pair is trading in its last leg of corrective upside rally which is likely to find resistance around 1.3529 on any further extension of gains and turn lower for long term. The pair is extending weakness making lower highs and lower lows suggesting that the underlying long term bearish trend is still intact. An early sustained break below 1.2950 shall mark the...

SusmitBanerjee Updated 

The pair is likely to extend weakness towards 1.1250 in coming 1 to 2 months. It is unfolding within an ending diagonal structure.As long as prices are holding above 1.1540 further extensions of gains towards 1.18 can be seen ahead of turning lower. An early break below 1.1540 will turn the sentiments weak and will push the prices further down towards 1.1250.

SusmitBanerjee

The pair is likely to find support around 0.7270 on further weakness and turn bullish for long term.

SusmitBanerjee

The pair is likely to initially extend gains towards 1.60 ahead of turning lower towards 132.50 in medium term.

SusmitBanerjee

The pair is at the verge of concluding its final leg upside ahead of turning bearish for long term. In short term the pair is likely to find resistance around 1.6210/30 on any further extension of gains and will turn bearish for long term. My initial downside target is 1.4420 and then 1.3650

SusmitBanerjee

The pair is likely to trade lower towards USD 1.2350 by holding below USD 1.2920 ahead of turning higher in coming 3 to 5 months.

SusmitBanerjee

The pair is likely to consolidate within a broader range of USD 0.7570 to 0.6640 in coming 1 to 2 years. In short term prices are likely to recover towards USD 0.7360 by holding above USD 0.6650.

SusmitBanerjee

The pair is likely to recover towards USD 0.8260 by holding above USD 0.7330 ahead of turning lower in coming 3 to 5 months.

SusmitBanerjee

The pair is likely to consolidate within USD 1.37 to 1.23 ahead of turning lower in coming 1 to 2 years.

SusmitBanerjee

Dollar Index is unfolding within an irregular flat corrective structure which is at the verge of conclusion. Prices are unfolding in Wave C within irregular flat corrective structure which is likely to extend weakness towards 89.50 ahead of turning higher towards 108/111 in coming 1 year.

SusmitBanerjee

Gold is likely to consolidate within USD 1124 to 1361 in coming 1 to 2 years. In short term prices are likely to recover towards USD 1307/15 by holding above USD 1260 to complete a regular flat corrective structure ahead of turning lower towards USD 1209.

SusmitBanerjee

This is the latest update of the pair.I was expecting a contracting triangle but it unfolded in a expanding triangle. Although I mentioned that if one more leg up then we might be heading towards 114 and it did happen which made high of 114.82 and I projected that in my previous post

SusmitBanerjee Updated 

The pair is unfolding within a Flat Correction (3-3-5) which is likely to extend weakness towards USD 104 ahead of turning higher towards USD 123/124.