Natural Gas has shown a Big Fall with extreme gap down condition a week ago ...Broken Strong Uptrending Trendline ....Now Has retestested the trendline ...Since a week Volume towards Bullish Candles and Price is average just like its want to give opportunity to short to sellers.. Price has touched the trendline and it may go bit little inside of it...but if we...
As mentioned in previous post of 4th January.....Target of 77.8 ..very closer to 78 dollars has achieved. ... As Crude-oil has not taken proper retracement yet...we can expect a sharp fall on Monday if its open at flat note....RSI and 200 EMA in Daily time frame supporting Bullish side of Crude Oil...so if its a Gap Up Opening we may see the target hitting of 80 Dollars.
Natural gas moved as Expected and posted on 4th January.....Volume of 10th January is quite decent on buying side so we can may expect a Gap Up opening on Monday.....As mentioned on 4th January post it can hit first target within 2-3 days....RSI will also break 60 strength range if it will be break away gap up on Monday... Lets Hope for the Best..!!
As we can see in daily chart Gold is following Ascending Channel Pattern since few weeks..It has reached on state to Buy as per Famous Dow's Theory...Sentiments of Global markets are Bearish which strongly gives signal that may some good spikes can be seen in gold in near future. Still put your stop losses below channel pattern. but patterns shows the Bullish...
As we are seeing very sharp fall in NG from last 3 days...Weekly candle is most bearish candle with decent volume as well but as we come to daily time frame fall in volumes can be seen which denotes less interest on selling side and as trendline and EMA also showing support at 3.15-3.17 level , hope this level will not break on Monday. And if took a good support...
US Oil has shown good momentum as expected....Broken Very Strong Level of 72.5 Doller as expectations and has hit the target of 74 dollers mentioned in previous idea....As we can see it is going up from last 5 days , has not taken any retracement for which most of the buyers are waiting for. Expected move on monday Red Box is a retracement level. Lets hope for...
Cipla has broken the Decending Triangle Structure .....Reteted the Broken Line today.....There are Several Gaps (Unfilled Order Blocks) in down side .....Hopefully we gonna see a sharp fall soon.....Below Red lines are GAPS to be filled up ...