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Expertcrudeoil - intraday trading in crude oil?Indicators play a major as well as significant role in intraday traders particularly for the beginners for trading. All markets, but especially crude oil are only based on supply and demand. Supply and demand are what makes price in any market move from one value area to another, nothing else. My best indicator is MACD & Bollinger band Moving Average Convergence Divergence - MACD The MACD is calculated by subtracting the 26-period EMA from the 12-period EMA. The MACD triggers technical signals when it crosses above (to buy) or below (to sell) its signal line. The speed of crossovers is also taken as a signal of a market being overbought or oversold. The MACD helps investors understand whether bullish or bearish movement in the price is strengthening or weakening. Bollinger band Bollinger Bands are a dynamic indicator which means that they adapt to changing market conditions and, thus, have benefits over other standard indicators which are often perceived as ‘lagging’. There are just a few things you need to pay attention to when it comes to using Bollinger Bands to analyse trend strength : During strong trends, price stays close to the outer band If price pulls away from the outer band as the trend continues, it shows fading momentum Repeated pushes into the outer bands that don’t actually reach the band show a lack of power A break of the moving average is often the signal that a trend is ending Visit here : Expertcrudeoil
NASDAQ:AAPL
by expertcrudeoil
Crude can hit back again.Crude(25.03.2015) broken downside & traded lower towards $43 mark as mention in our last analysis. However the recovery was quite sharp to resistance zone once again. Now crude is trading around $47.50 & as we can see on charts, its approaching to the broken tradeline of last symmetrical triangle pattern. This recovery seems to be a corrective one due to less volume & weak candlestick structure. However small timeframe charts showing some positivity but day & weekly charts are still bearish. To convert this rally into a reversal crude must provide a close above $55 mark otherwise a deeper fall may occur this time. On fundamental side nothing have changed. Crude inventory & production still on higher levels while next OPEC meeting due on 5th june 2015 at Vienna, Austria is far away. Based on above studies, we will prefer to stay on sell side & may witness a fall back towards $44 mark & may be followed by $41 in coming weeks. MCX -> S2(2810) S1(3020) cmp(3130) R1(3300) R2(3560) Note - Above technical analysis is not a buy/sell recommendation. For recommendations Contact Us Call Us : 088890 34986 www.mantracommodity.blogspot.in
FShort
by mantracommodity
GOLD SELL ON RISE TG 1186 (100%) SL 1336GOLD SELL ON RISE TG 1186 (100%) SL 1336 MINI SL - MINI LOSS BIGG TG - BIGG PROFIT Reasons : Fundamental Vs. Technical Analysis 1- GOLD UP SUPPORT 1336 LAST YEAR LOW 2- LAST DOWN SUPPORT 1186/82 (100%) 3- DXY ALREADY BREAKED 95.53 4- XAUAUD LAST DOWN SUPPORT 1602 (100%) 5- INDIAN MCX GOLD TRADING EXP 03/AUG/2018 6- Jul/Aug31-1 FED MEETING 7- PM ME FOR MORE INFO Like & Comments if you follow this idea MAKE MONEY IN TONS THANKS
FX:XAUUSDShort
by ShivamVerma
8
EURINR Elliottwave: Looking for break of monthly trendlineTalking Points: Technical Strategy: Bearish Elliottwave Count: Either wave (C) continuation or B wave of (B). HTG Note: Larger outlook on weekly chart is showing weakness on long and short term. EURO vs Indian Rupee price is testing weekly trend line. Last time this line was tested on September, 2015 and post that we seen nice pullback towards 77.80 levels. We in HTG consider that was correction and marking as a wave (B). From 77.80, we were seen bear continuation and currently price is testing same weekly trenline. Break of this weekly trendline will be very bearish outlook for Euro. On alternate, if price is start trading higher, we are expecting to see price can go and above 82 levels before it's turn bearish again. Lower time frame, we are seen reaction near trend line support, however current price is trading in just correction and testing horizontal resistance on 70.15. We are expecting this zigzag correction should be over. To confirm, bear trend is back in force, we need to have channel breakout here @ 70 area. Post this breakout, we are able to mark correction over and can trade for lower target below 68 Action We initiated short position @ 1.77 with limited stoploss
Short
by Hittesh
XAUUSD - Silver View!Silver is correcting for now as a Flat correction. Down side is possible till 18.50 from where expecting it go higher above 21.50.If it continues to go lower below 18 then it probably might be doing something else and invalidate my analysis. Looking for reversal and buying opportunity around 18.5 levels. Details are on the chart. Happy Trading!! Siraj Hudda, CFTe Web: www.prowaveanalysis.com Skype: sirajhudda Email: contactus@prowaveanalysis.com Facebook: www.facebook.com Twitter: twitter.com LinkedIn: in.linkedin.com
FShort
by SirajHudda
Crude under pressureCrude (22.05.2015) traded lower as per our expectation as mention in our previous article, however it fail to reach to $55.70 mark & bounced back with current week inventory support. Now crude is trading around $60 mark & as we can see on charts, crude trying to retest the broken trade line of ascending channel. The bounce was supported by volume as well as pattern is not very ideal for recovery. On elliott wave count , crude probably trading under 1st downside wave with probably V wave down now. However the count is not very ideal still there is no other probability available this time. On fundamental side, although we witness a good withdrawal last week, total inventories still roaming around all time high while strong dollar likely to continue. Based on above technical picture , crude probably move downward once again. Level $55.70 & then $51.50 will be on radar. MCX -> S2(3610) S1(3724) cmp(3832) R1(3910) R2(3980) Note - Above technical analysis is not a buy/ sell recommendation. Read more articles here www.mantracommodity.blogspot.in
FX:USOILShort
by mantracommodity