AhFarouk

AhFarouk

1. Mom Chats shows low momentum at the moment. Bears are active with resistant from bulls to increase the momentum. Blue curve must break the zero line to decide buying. 2. On the main charts, buyer decision depends on candles pattern, breaking the VWAP (yellow) line, and any intersection between EMA lines in the uptrend direction of the low EMA. EMA50 is aiding...

AhFarouk

1. Prices must break the trend line (dashed blue) and overcome resistant from to SMA20 (green curve) and allocate over the VWAP (white curve) to hit the upper limit of testing zone @ $109.5x (minor profit target). 2. By passing the testing zone, prices will get resistant at the pivot line representing 61.8% level. Breaking this pivot level is the key to consider...

AhFarouk

1. Prices must break the trend line (dashed blue) and overcome resistant from to SMA20 (green curve) and allocate over the VWAP (yellow curve) to hit the upper limit of testing zone @ $107.5x (minor profit target). 2. By passing the testing zone, prices will get resistant from SMA200 (red). Breaking the SMA200 and regression channel limits is the key to consider...

AhFarouk

1. As a result of terrorist attacks last weekend on Saudi ARAMCO reservoirs followed by an official declaration from Saudi government regarding expected shortage in market, it is strongly expected that prices will suffer from enormous increase starting from this week. Also, GP Morgan has expected that Brent prices may hit $189.00 next weeks which impacted WTI...

AhFarouk

1. As a result of terrorist attacks last weekend on Saudi ARAMCO reservoirs followed by an official declaration from Saudi government regarding expected shortage in market, it is strongly expected that prices will suffer from enormous increase starting from this week. Also, GP Morgan has expected that Brent prices may hit $189.00 next weeks. 2. Prices closed last...

AhFarouk

1. Prices fluctuating inside the testing zone and around the VWAP at in-flex volume (6.2k). They are still keeping their performance inside boundaries of three days regression channel in slow uptrend direction. 2. Liquidity is limited within the major (red) resistance zone which requires some patience before buying decisions. Today, prices lost approximate 4.15%...

AhFarouk

1. NG had achieved the highest price level with 17.2% increase since 07/03/22 as an impact due to expected shortage in market after sanctions declaration on Russia. The old maximum price $5.184 will act as resistant limit above that level and the vice versa in the below direction of prices. 2. At the moment, bulls are taking a small rest around the testing zone...

AhFarouk

1. Prices are still active above the VWAP (white curve) in the uptrend direction and successfully break the first said target @ 50% level and exceeded $113.19. The major direction is upwards above the median line of linear regression channel. This median line gives a support against back retracements. 2. To continue up-trending prices will find medium resistance...

AhFarouk

1. Prices are still active above the VWAP (white curve) in the uptrend direction and successfully break the first said target @ 50% level and exceeded $113.19. The major direction is upwards above the median line of linear regression channel. This median line gives a support against back retracements. 2. To continue up-trending prices will find medium resistance...

AhFarouk

1. It looks prices are suffering from medium down trend effect after hitting the $113.1x limit which is said as resistant level according to Fib pattern. Failing to break this level made prices fall quickly to break the pivot line but the good thing that get a nice support from $107.2x level to keep the prices inside the major resistant (red) zone and keeping the...

AhFarouk

1. It looks traders are trusting the natural gas market and believe that there will be crisis, especially in Europe, due to shortage in natural gas supply as a result of sanctions on Russian products. 2. Bulls trying to complete their winning state against bears and keep pushing up the prices to more up levels and keep receiving direct support from VWAP (white)...

AhFarouk

1. Session started as last week ends. Prices are still existing below the VWAP (white) curve but at low volume. The VWAP is acting as a resistant line for prices in downtrend direction. Traders using the VWAP will wait to confirm an up trending if one high volume candle open and close totally above the curve. In case of low volume candles, traders will wait for to...

AhFarouk

1. Prices closed last week @ $105.26 in contact with VWAP (white) curve. The VWAP is acting as a supporting line for prices uptrend. Traders using the VWAP will wait to confirm an up trending if one high volume candle open and close totally above the curve. In case of low volume candles, traders will wait for to get confirmation from two or even three successive...

AhFarouk

1. Two days ago, prices succeeded to exist the major supporting (green) zone and fluctuated for testing between low MA curves (20 & 50). For now, prices increase by 12% since 15/03/22 when the lowest price level was performed. 2. At the moment, bears won the battle to enter the major resistant (red) zone and pull up the prices over the previous resistant...

AhFarouk

1. Two days ago, prices succeeded to exist the major supporting (green) zone and fluctuated for testing between low MA curves (20 & 50). For now, prices increase by 12% since 15/03/22 when the lowest price level was performed. 2. At the moment, bears won the battle to enter the major resistant (red) zone and pull up the prices over the previous resistant $98.9x....

AhFarouk

1. No changes on limits set in previous post which mean that gold as investment suffered from poor turnout of traders unlike previous weeks. 2. After increasing the interest rate on USD by 0.25% today as well as declaration that Fed will increase it by 4 to 7 times along the year will adversely affect trading on gold next periods. 3. Prices are trying to exist...

AhFarouk

1. The prices respected the levels mentioned in yesterday's post during trading hours. Short traders were active and perform fast investments at low volumes with minor profits per barrel. 2. Prices kept most of the day fluctuating with good support against more depreciation inside the testing area of major support (green) zone above $93.5x and below $96.6x. 3....

AhFarouk

1. Prices are still going in around the downtrend line (blue dashed) and already closed the day inside the major support (green) zone and testing between $1910.2x and $1925.1x. 2. Exiting the testing zone as well as breaking the downtrend line (dashed blue) and EMA20 curve is an evidence that prices will be pushed up again in the direction of the resistant (red)...