WTI Crude oil following the support trendline and dynamic resistance. At present, it's in an uptrend for short-term investors. According to this chart, the last descending triangle pattern is the broken upper side. Still, we cannot trust this breakout because of excess at the support line. Buy position can initiate at 43 for 43.4 - 44 targets. If WTI comes...
In the previous week, gold has made -90.51 loss, AND it has lost -8.8 points in the last trading session. XAU/USD may slip from here for $1916 to $1900 levels. Gold Strong Support $1686 too far away now. In the previous week's trading sessions, it has touched the support trendline and took a reversal. Hence, according to this chart, we may see $2000 -...
I will update more information about Nickel soon.
As per the chart above, gold is trying to take a U-Turn. It can slip for 47460 – 46760 – 46260 levels. As per the S-RSI, it will start running upside soon for the dynamic resistance level of 53900. Hence, targets: 49560 – 50000 – 52000 – 53000+ Don’t forget to keep your eyes on downtrend level 46260 .
As per the above chart, the parallel channel’s uptrend line can use as a stop loss. Hurdle: 162.6 Based on the current trend: Uptrend targets: 165 – 170+ Based on Fib. Retracement: Downtrend targets: 158.2 – 152.2 – 149.2
For intraday traders: If that is a right shoulder, C (T1) and C (T2) are the next targets. S RSI is confirming the downtrend by crossover. For the long-term investor (Hurdle Breakout): T1: 47560 T2: 47260 T3: 47000
This information is sufficient for day traders. Further information will update soon.
As per this chart, MCX crude oil is looking upside. Trend continuation Targets: 2900-3000 Breakout Targets: 2390-2160
The positive trend will start after a breakout of hurdle. Targets: 951 - 936 - 925
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.