NG based on monthly data is registering very significant net buy volume at the current price range. Seller's strength is certainly fading out based on thinning price volatility this past few days / weeks -- as shown on yellow price lines on chart. NG is currently sitting at a strong major support at 2.0 to 2.5 area, a 1.0 FIB discount level -- this is where most...
Usoil looking one more buy chance Our last time analysis got 80 pips now again came to entry point 👉 Chance to re-enter 1:2 RR
Crude oil prices gave up their earlier gains, to turn modestly lower on the day after the release of the EIA weekly US oil inventories, before bouncing off their lows ahead of the FOMC rate decision. Watch the closing prices. A daily close in the red may lead to some follow-up selling in the days ahead, given that WTI has arrived and reacted negatively from the...
The WTI Oil chart shows a compelling setup for a short position. The price has rallied into a significant resistance zone around $79, coinciding with a strong downward trend line that has been respected multiple times. This area acts as a confluence of resistance, providing a high-probability entry for selling. Given the persistent bearish trend, this resistance...
SELL on the theory markets ranges 70% of the time, and SELL on the theory markets retraces HALF of the previous leg 90% of the time. Entry on 15 TF is recommended.
A "Triangle Pattern" has formed in Crude Oil and Downtrend has "Breakout". So market is Bullish Trend. And the Target is Triangle's Top Trendline at INR 7100. Additionally, Expect a Breakout of the Triangle Pattern. Don't miss the "Wolf Wave Target" Opportunity. If Breakout the Triangle Pattern, then the Next 2nd Target is Wolf Wave. Refer to the below image for...
Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range Tuesday DAY 2 Initial...
After a poor start to the year, Natural Gas prices have surged in the current quarter, largely due to stronger fundamentals. Extending the advance this week, the commodity looks poised to set new 2024 highs (3.397), but it may be early to talk about further gains. Key drillers have lowered their 2024 output guidance, while demand is expected to accelerate...
FX:USOIL looks to have created a short term low just below 7300. Im now looking at a rally so watching this PB going into Monday for a potential move back up towards 78-80. Watching for 7400-7480 on Monday to hold for the next move higher. Enjoy the week. More updates coming.
Hello Traders. The Monthly candle has flipped bullish and the weekly candle is pushing for new highs as the 3rd Asian session of the week kicks off here. Monday was super bullish and today's tuesday candle closed bullish after a late NY bullish push. We observed (4) 4hr candles print bearish consecutively only to be overshadowed by a large bullish candle that...
USO/USD is rising towards a resistance level which is an overlap resistance that lines up with the 78.6% Fibonacci retracement and could potentially reverse from this level to our take profit. Entry: 78.92 Why we like it: There is an overlap resistance level which lines up with the 78.6% Fibonacci retracement. Stop loss: 80.80 Why we like it: There is a pullback...
The chart shows a classic "Cup and Handle" pattern forming on Natural Gas prices, suggesting a potential upside move upon breakout. The pattern consists of a "U"-shaped cup, indicating consolidation and recovery, followed by a handle representing short-term consolidation. The resistance line at the cup's peak marks the breakout point, signaling a bullish...
Renko buy signal on weekly, validates Heikin Ashi bull trend continuation. After monster shakeout of weak hands on Monday, gas broke out to a new trend high today. Very strong bullish indications. You're welcome.
Renko buy signal on weekly, validates Heikin Ashi bull trend continuation. After monster shakeout of weak hands on Monday, gas broke out to a new trend high today. Very strong bullish indications. You're welcome.
Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range ✅ no daily cycle Tuesday DAY...
✅CRUDE OIL surged again to retest the falling resistance But it is a strong line So I think that there is a high chance That we will see a bearish pullback and a move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Return to Upward Channel and previous resistance - become now bottom support. After return to channel we have Summer natural high to support pure lambo mode...
I saw some other stocks of the same segment doing bullish patterns. We have a potential double bottom fighting with downtrend line resistance. I think is going to bounce back and forward between the 13.5 support level and the downtrend line until something breaks. The double bottom (inverted HS in the daily timeframe) tells me that the price wants to break up the...