overall stock now in a bear grip , but looking at risk reward on trade side a pullback can be expected thus will trade in two way if it comes at 1370/80 zone will short or if comes at 1290/1300 will accumulate with stop mentioned
* 2 decades of Horizontal Trendline
As discussed live on social media platforms I advised to go long as 3343 MCX level was ready to get knocked down. MCX crude rallied all the way upto 3450 and morning gap up above probably 3550. Traders made tons of money Support for the day 3391 Resistance for the day 3647 Expectation Fireworks in US session My trade I'll post trades on social media platforms
* Horizontal Trendline Support * Rising Trendline support on RSI #KeepItSimple
As discussed MCX Crude found resistance at 3615 and fell sharply. Futures traders made good money of 60-70 points in no time. Support for the day 3415 Resistance for the day 3502 Expectation Range bound with reversal in US session My trade Buy near support , sell near resistance Real time update I'll update on social media channels whenever I get time
As discussed 3680 gave support to crude till US session and broke in equity sell off. With global volatility to continue for 48-72 hours more , I have suggested to buy 3800 CE at lower levels , target is updated live as 144. Support for the day 3557 Resistance for the day 3692 Expectation I am expecting high range bound volatility over next 24-48 hours and a...
As discussed live Crude hit a low around $ 50.45 in US session. We went short with 3700 pe at 48 and booked profit at 132. Put went on to hit a high of 160+. Support for the day 3680 Resistance for the day 3761 Expectation Pull back underway , 3761 might get tested My trade I'll try to buy 3800 CE at support Real time update I'll update whenever I get...
As for a trend view I expect crude can touch 55$ to 57$ another few days
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.90). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NATURAL GAS is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...
Expecting a bullish move after breakout of flat top pattern till 52.29 levels 1. MACD is showing divergence 2. Trendline line bounce expected as before. 3. Consolidating in a bullish flag 3. Ascending triangle forming
The weekly is favored turning up above 26.34 lows from 2/11/16 & the daily is turning down against the 77.01 highs from 10/3/18. Nearer term while above the 49.30 lows where the 4 & 1 hour are turning up it can correct the cycle lower from the 10/3/18 highs.
Crude is favored ended correcting the cycle up from the 12/24/2018 lows where the daily is turning up. The 4 & 1 hour are turning up against the 49.37 lows. While above there expect a turn higher.