Commodity Chart Analysis

[prabhanshuraman]

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

 

[kalott]

no contrarians out there :whistling

http://www.barchart.com/opinions/futures/CBH16


http://www.barchart.com/opinions/futures/CBH16&view=detailed

 

[prabhanshuraman]

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

 

[malaguti]

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

are we not your friends?

 

[prabhanshuraman]

Sell Sugar at cmp $13.12 SL $13.60 tgt $12.30

 

[prabhanshuraman]

are we not your friends?

not really sure... do you know me?

 

[prabhanshuraman]

are we not your friends?

Lolz...now I understood...I was not active on this forum....I have my own group on telegram...so suggested thr...

 

[prabhanshuraman]

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

High made today till 33.25

 

[prabhanshuraman]

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

2nd target also done at $34. High Made $34.31

 

[prabhanshuraman]

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

High made today at $36 before profit booking. We almost got $ 5.15 profit in the given call.

 

[prabhanshuraman]

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

 

[prabhanshuraman]

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

Again brent made high above 36 and facinf stiff resistance. Once it clears this resistance, it might fly towards 39-41

 

[prabhanshuraman]

Sell Sugar at cmp $13.12 SL $13.60 tgt $12.30

Sugar made low at 12.74 and currently trading at 12.80. Cool 0.32 points on this counter :clap: