Commodity Chart Analysis

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Hi Guys,

I will try post charts or trading opportunities in few commodities as and when I observe any....

Brent Oil Analysis and Trade Opportunity
Currently, Brent Oil is trading at 49.80.
It has completed 5 waves from 54.05 to 49.35. Now the current set up is for retracement trade. One can clearly observe the +ve div in RSI and MACD in 1 hr timeframe.

Long at current price: 49.80
Stop 49.34
Tgt 1: 51.14
Tgt 2: 51.70
Tgt 3: 52.24
 
Below call was given to my friends on Brent on 9th Feb.

Buy brent at cmp $30.85 sl $30.10 tgt 32 34 36 38 40-41

CMP 31.80 and high made till now 32.27
 
Natural Gas Mar contract has formed Bullish Gartley Pattern.

Buy NG March Contract at cmp $1.892 sl $1.8 tgt $2 $2.2 $2.4 $2.5
 
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