Make the most of energy trading with our expert tips and analysis. From crude oil to natural gas, our research reports cover all aspects of the market to help you make informed decisions and maximize your profits.
Crude oil is forming an Ascending Triangle Pattern. According to the monthly chart and chart pattern analysis, the crude oil rally will not stop here. It will keep moving forward for levels of 5160 – 5300 – 5600+.
MCX crude oil target for intraday traders is 5112 level. To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
MCX Natural gas has made head and shoulders patterns on the weekly timeframe. And the two shoulders are overlapping. Sell confirmation is line breakout.
Recently, it has broken 200 moving average. If it shows closing price below the neckline and 200 MA consecutively, NG will fall nonstop.
X and Y are the formation’s size. Here is the value of x 100 and y 74. So, according to H&S formation, it can collapse up to 112 – 86.
Hurdle: 196
Short-term targets:Continue reading
According to this chart, MCX Aluminium can fly from here if it does not close below 176.4 levels.
Targets: 178.6 – 179.6
Short-term targets: 180 – 181.6+
But, if it closes below 176.4 levels, then this call will deactivate. And it will start collapsing for the levels of 174 – 172 from there.
How many of you sold crude oil on the previous Thursday?
Article: MCX Crude Oil & NYMEX Brent Oil In-depth Analysis & Tips
In the previous article on crude oil & brent oil, I said in bold words, “…so, intraday traders can set the following targets to make some money: 4560 – 4500 – 4460 – 4400 | …and, if brent oil breaks the hurdle ($66.60) and shows a closing price below it, we will see a heavy downfall. Targets: $64.6 – $62.8 and below”.
The crude oil has reached all targets! Enjoy!
What next? To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
Lock
Here, I have used MA, RSI, VOL, & DMI to identify the next move of Brent Oil. According to these indicators, it seems bullish ahead. We may see the following targets soon: $68.8 – $69.8 – $71+
But, if brent oil breaks the hurdle ($66.60) and shows a closing price below it, we will see a heavy downfall. Targets: $64.6 – $62.8 and below
What about MCX Crude oil? It looks downward for a short period. Look at the below chart:
MCX Crude oil can go down for a retracement value of 0.236 in the upcoming days. So, intraday traders can set the following targets to make some money: 4560 – 4500 – 4460 – 4400
But, if brent oil breaks $66.60 upside, then change your position for the following targets: 4800 – 4880+ To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
The crude oil started the bullish Elliott wave on the 4-hour timeframe. A new low, followed by a three-wave recovery to roughly 3760 – 3660 – 3470 can be expected before the uptrend resumes.
If there will be the upside breakout of wave 5 (Protective Stop: 3980), then it’s a failure of the Elliott wave pattern. What happens if it breaks wave 5? I will update it in my next post.
To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
Natural gas started to make the head and shoulders pattern on the daily timeframe. First, let’s understand some basics about the head and shoulders pattern. Here, it’s a bearish head and shoulders pattern. In this pattern, the trend starts with the uptrend and makes the left shoulder, head, and the right shoulder. And after the completion of the right shoulder, it falls by breaking the neckline.
In this chart, the trend completed the left shoulder, and the head is almost there. And then it will create the right shoulder. It will fall up to the neckline to complete the formation of the head. And the targets to reach the neckline are as following, 180 – 175 – 168.
After hitting the neckline, the next step of natural gas will be the right shoulder. As per the rules, the right shoulder can be similar to the left shoulder or, it can be at a higher level than the left shoulder. Because the left shoulder is at 203, the trend will march again to 203 to make the right shoulder. To reach 203, natural gas will hit 180 – 190 – 200.
And then the trend will take reversal and fall by breaking the neckline.
Targets: 195 – 185 – 175.
To become a subscriber, subscribe to our free newsletter services. Our service is free for all.