July 9, 2014

CRUDE Oil Support levels


  • Crude oil testing crucial support levels.
  • Price staying below Hourly cloud will continue to favor crude oil bears.
  • Daily chart if holds above the support levels mentioned may result in a bounce.

5 comments:

  1. Time to buy Gold (our newsletter posted on 11.06.2014) http://eepurl.com/W1t91Posted in All By blogadmin On June 16, 2014
    After weeks of taking short positions in Gold, is it finally that we can buy it? Well, lets open our charts or just click on the image to expand and we see that there is a bullish daily chart! There is a gap down opening when the future expired and hence the question arises, will the gap close? The MACD, where bulls are stronger this time, ticked higher yesterday and one should have bought when there was a candlestick pattern, hammer in the daily chart. The risk-reward to trade gold at 25900 was way too good. Even if the gap analysis is to be done along with your daily EMA to be considered as a resistance, one could go long with a 100 point stop for a target of 600 points. 1:6!!

    25400 and near points are double bottoms for the chart and one should expect the Gold to rise on a pure technical point of view!

    http://youtu.be/_1sxhET1lIA

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  2. Crude oil update by Epic Research says that Crude oil trading range for the day is 6041-6249.

    ReplyDelete
  3. Pre-budget rally?
    Nifty #correction?

    Nifty started moving up with hope of a new government and new policies from February this year. Every correction has taken nifty from its highs to its EMA(s) and then rise again! There was one such MACD signal effective on 11.06.2014 which again led Nifty to its EMA. Now comes another such signal! when such signals occur one after the other, its not to be ignored. One should really take a look at the charts and look for targets when shorting nifty.

    Click HERE for the complete newsletter.

    http://blog.tradersgurukul.com/

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  4. We have started this website in order to teach and show traders from all forms of life that making money in Equities or commodities isn’t that easy if you do not pursuit it as a serious business. Speculation or emotional trading will only lead to lose more and more money.

    Mr. Abhishek Bubna, M. Sc. in finance (Strathclyde University) turned into a professional trader from being an equity broker. He saw what his clients were doing and how they were losing money. Mr. Bubna has worked on a project on behavioral finance and understands the need to control one’s emotions while one is trading. He decided to show them how to make money in the same market if they follow some rules and control their emotions. Today he is handling large no. of portfolios. He wants to spread the knowledge and moreover calls all the traders to come together and share to make money.

    We have made an application which will help you trade offline before you jump into the real world. We will be sitting right behind you to guide you through this journey of learning and making your trade journal look completely different.

    http://youtu.be/_1sxhET1lIA

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