Shalvisharma5

Shalvisharma5 Updated 

Hello Guys, When trendlines on a chart come closer and meet, forming a triangle, it suggests a period of price consolidation. Watch for a potential breakout, indicating a new market trend. BREAKOUT COULD BE UPSIDE OR DOWNSIDE. It's advisable to wait for the price to reach the right level before making any trading decisions. I will share the level as soon I...

Shalvisharma5

In the daily timeframe, Natural Gas is finding support at 239.2. If it sustains above this level, we might observe further upward movement. However, if it fails to hold, a bearish trend could emerge, potentially reaching 233 today.

Shalvisharma5 Updated 

#GOLD is showing signs of a breakout, with a clear cup formation. This bullish pattern suggests a potential upward surge in prices, making it an opportune time

Shalvisharma5

In the last three trading sessions, Natural Gas prices went down with some periods of sideways movement. This happened because there was more inventory (stock of natural gas) than people expected. The important levels to watch are: Resistance at 247.7 (where the price might stop going up) Support at 239.2 (where the price might stop going down). If the price...

Shalvisharma5

The daily update for gold indicates a potential increase in prices as the dollar weakened following US economic data. - Support is identified at 67000, and a breach of this support could lead to a downside of 200 points. - Resistance is positioned at 60850.

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Crude oil, particularly Brent futures, experienced a nearly 4% decline to $78 per barrel, the lowest since July. This drop resulted from indications of reduced demand and alleviated supply concerns. Factors include China's decreased refinery throughput and a US decline in fuel supply.

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#CRUDEOIL Breakout Expectation: Anticipating a breakout soon. Buying is recommended, but specifically above the price of 6390.

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#Copper Market Levels: Resistance: 712 Support: 708 Trading Strategy: A trade plan is suggested only if either the resistance at 712 or the support at 708 is breached.

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Resistance: 6900, 7080 Support: 6750 Moving towards support 6750 BMI suggests that prices are fluctuating due to the conflict-related supply risks and concerns about a slowing global economy impacting demand. There's ongoing worry that Iranian oil output could face sanctions, potentially reducing supply in an already tight market.

Shalvisharma5

Natural gas prices dropped by 2.3% to $3.494 per unit due to expected warmer weather and the belief that US gas reserves will be higher than usual. SUPPORT AT 278 - 280(BUYING AGAIN ZONE) If not sustained above 278 then natural gas will enter in bearish zone

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Resistance: 6807, 6900, 7080 Support: 6750 CRUDE cost remains uncertain and depends on a variety of factors. 👉In the context provided, factors such as technical influences, Federal Reserve decisions, geopolitical tensions, and demand uncertainties all play a role. In short, we are waiting for one positive news that could lead to a hike in the price.

Shalvisharma5

Rising oil prices, driven by Israel's actions, raised concerns about global oil supply. Ongoing uncertainties persist concerning geopolitics and future interest rates, influencing market recovery. WHERE RESISTANCE PLACED AT - 6030 Buying is only recommended if the crude sustained above - 7050 Selling below - 6984

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If Silvermini sustains above 72600, then further higher levels will be accomplished. This is because a breakout above a key resistance level is often followed by a continuation of the uptrend. The consolidation bar on September 6th suggests that buyers and sellers are in a stalemate at this level. However, if buyers can push the price above 72600 and keep it...

Shalvisharma5 Updated 

Natural gas is supported by level 219.9 and is expected to rise in the near future, with a target of 228 in the coming sessions. a breakout above 222.5 to confirm the bullish trend. If natural gas fails to break through this level, it could retrace back to the support zone at 219.9-221.9. Overall, the technical outlook for natural gas is bullish. A breakout...

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CRUDEOIL is approaching a key resistance level at 7713. If it breaks through this level, it could reach new all-time highs. This week's high target is 7675-7725. Traders should watch for a breakout above 7713 to confirm the bullish trend. If CRUDEOIL fails to break through this level, it could retrace back to the support zone at 7625-7650. Overall, the technical...