Power Of Patience. It will give you High Probabilities Setups and Trades
I am planning to short Crude oil if it breaks down in the evening US session, using lower timeframes for entry. Nice Risk Reward
Look for the opportunities and setups to short
I have further Broken down the daily chart analysis on to a 2Hr Chart to press the Idea for a short side bias.
Nifty Looks Ready and Ripe either for a corrective or Impulsive Move. So Caution !!!
Soybean Oil is Testing its Breakout area. If the test is successful, which is the likely scenario at present, it is Ripe to go upto the Green Zone. But One Caution - commercial are still not in the Zone.
Last week's price action was shaky and scary. But i am still holding on to my bullish opinion. Looking for Buy setups in smaller Timeframes
Both the Levels STILL Holding Nicely. Have Patience
Cotton did not give a weekly close below the 67.55 Level. Current Price action points to an upward move to the Green Zone (85/88)
As in Gold, expect an upward reaction from Silver when it reaches the Green Zone
I am expecting Gold to continue falling after the steep correction. However expect a bounce OR reversal from T-2 Zone
Till VIX keep kicking UP towards 16 & 17 Levels, Remain Short in Index & Stocks
I will look at Lower Nifty Levels for next couple of weeks. Although with a few rallies and bounces up
After the successful retest, no harm in getting bullish Natural Gas. Seasonal tendencies are Favourable during this time. BUT one thing that is concerning me is Commercials getting Bearish. But that can happen and its OK. Still my advice is to keep a strict stop loss and TRAIL it.
Nothing More to add to my last comments. Except that the possibility of a last push up to Green Area still remains in Play.