Rational of Recommendation: Comex SILVER trade near 17.20 Level it's bound in a tight range between 17-10-17.25 in and form bullish mat hold pattern on intraday time framework.
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BUY SILVER FUTURE AROUND 17.1-17.15 TARGET 17.5 18 SL 16.95
TECHNICAL OUTLOOK
* WEEKLY TREN LINE SUPPORT AT BOTTOM LEVEL WITH POSITIVE SUPPORT OF RELATIVE STRENGTH INDEX
BUY AROUND 49.2-49.3 TARGET 51 52 SL OF 48.9
GBPAUD
SELL AT CMP 1.9680-1.9670 TARGET 1.9640-1.9600-1.9570 SL 1.9700
* TECHNICAL OUTLOOK
* PRICES FACING UPPER TREND LINE ON HIGHER LEVEL.
*INVERTED HEAD SHOULDER FORMATION ON 15 MIN TIME FRAMEWORK.
*CHANNEL FORMATION ON HOURLY TIME FRAMEWORK.
*DOLLAR INDEX TRADE NEAR DOUBLE FORMATION ON 10-5 MIN CHART FRAMEWORK.
Positional alter between execution trade...
Rational of Recommendation
1. Bullish pennant formation on the daily time framework
2. Price trade-in a range bounded take the opportunity with favourable risk-reward ration.
3. Buy on a support level of Pennant pattern and Sell on Upper range of resistance with respective stop loss level of previous daily High/Low.
Technical outlook
Price took support at the previous resistance level
Crude oil formed a Doji candle sticker pattern
Price at the support of previous reversal double bottom formation.
price at the support of the previous double bottom neckline level.
BUY CRUDEOIL WTI AT 50.7 target 51.2 51.8 Sl 50.50
Risk Reward Favorable
iForex: GBP/USD
Technical outlook
Bullish Mat hold pattern/ Bullish Flag pattern
Time Frame: Intraday and Daily time frame
Entry Level: less risk-averse 1.3110-1.3120 and for Risk-Averse 1.3150.
Target level: 1.3230
Reward approximately: 80 - 110 Pips
Risk: 20 pips From the current level
Stop-loss 1.3090
GBPNZD
Technical outlook
Bullish mat hold pattern/ Bullish Flag pattern
Time Frame: Intraday and Daily time frame
Entry Level: less risk-averse CMP 1.9890 for Risk Averse 1.9945
Target level: 2.104
Reward approximately: 110-140 Pips
Risk: 40 pips From the current level
Stop-loss 1.9850
Security/Script: TataMotors .Equity (NSE India)
Pattern Formation: Inverted Head and Shoulder
Time Frame: Analysis on Weekly time frame
Range of estimation: 240
Pattern confirmation: Neckline breakout
Entry Level: Neckline
Strategy: BUY on dips Near neckline level
Risk: Right shoulder of pattern 160 (-20 Points)
Rewards: 220 (+35 Points)
Rational of Recommendation: We are expecting crude oil price jump after economic data (Crude oil Inventory) release in the evening. On basis technical aspect Crude oil trade near 200,100 Exponential Moving Average and took support at bottom of the channel line.
Recommendation: BUY CRUDE OIL ABOVE 58.45 TARGET 58.80 59.45 SL BELOW 58.12
