Weekly Trade Setups – 27th May to 31st May 2019

PLS NOTE : All chart analysis posted below are the author’s own idea of trading for educational purpose only &  not any form of advice or recommendations or opinion to anyone

Aluminium :

 

Trend – Side way bullish

Aluminium is clearly seen at the key support level as seen in the above daily price price chart.

This week we will closely observe 143 around area to see how price folds here.

If price closes aggressively below 143 around area then it might open the way towards 135 area as seen in the price chart above.

Wait and watch what develops at the arrived key support point to take further trading decision.

Stay connected for next post on Aluminium.

 

NICKEL :

Trend – Short term downtrend.

Aggressive bounce has seen in the NICKEL after a huge fall as seen above.

Still we have the short selling views for NICKEL till its flip key resistance area located at around 12818 area.

We will wait and observe if price pulls up till 12818 area.

Short Selling signal found at 12818 area could be a good opportunity in NICKEL

Stay connected for next post for NICKEL.

 

LEAD :

Trend – Aggressive downtrend.

We are eagerly waiting for the upside pullback till 1896 area.

Any bearish rejection found on 1H or 4H or Daily time frame at around 1896 area would be an short selling opportunity for LEAD.

We will have the patience to wait till the desired location as shown above.

We will post if any potential opportunity arrives.

 

ZINC :

Trend – Aggressive down.

Any upside pullback starting from 2645 to 2722 area would be a short selling opportunity for ZINC.

We are waiting for any bearish rejection on 4H or daily time frame at around 2645 or 2722 area.

Watch for the next post on ZINC.

 

COPPER : 

Trend – Aggressive down.

We area interested to watch a upside pullback to go short at around 6143 area.

Any bearish rejection on 1 H , 4 H or daily time frame would be a short selling opportunity for LEAD.

Waiting till 6143 area and finding a bearish rejection would be a good decision for copper.

Stay connected for next post for COPPER.

 

GOLD :

CLICK HERE to see the previous post on GOLD .

Buying signals can be observed on 1H or 4 H or daily time frame to join the bullish trend till price lies above 1268 area.

Target can be projected at around 1305 area .

Any close below 1268 will nullify our buying views.

 

CRUDE OIL :

Trend – Short term downtrend.

CLICK HERE to see previous post on Crude Oil.

Friday we got a inside bar in crude oil which may continue the bearish trend as shown in the above price chart.

If inside bar breaks downside , we can expect aggressive fall till 55 $ area or else we can see a upside pullback till 60.68 $ area and find bearish rejection to rejoin the bearish fall till 55 $ area as shown in the price chart above.

 

Natural Gas :

Trend – Mild bullish.

We got multiple inside bar at recent support level as shown in the above daily chart of Natural Gas.

The above inside bar breakout can be preferred to trade in the upward direction for the target of around 2.724 area.

Stop loss can be placed at the low of parent candle i.e at 2.538 for the target of 2.724 area.

 

EURUSD :

Trend – Aggressive down.

We got two times bearish rejection from the multiple affected location of around 1.1266 area as shown in the above chart of EURUSD.

We are again interested to observe bearish price rejection at the same location of 1.1266 area.

Clear bearish rejection can be observed at 1.1266 area to board short selling opportunity.

Stay connected for next post update on EURUSD.

Updates for 24th May 2019

PLS NOTE : All chart analysis posted below are the author’s own idea of trading for educational purpose only &  not any form of advice or recommendations or opinion to anyone

GOLD :

Please Click Here to refer our previous post on GOLD.

Trend – Bullish above 1268 $ area

We got mild bullish rejection on 21st May near the desired location of 1268 $ area and if combined with 22nd May , then we got a state of consolidation know as inside bar.

We can see price exploded bullish from inside bar as shown above.

Long entries was supposed to create at the day 1’s high of inside bar.

Those not already long can observe a short downside pullback till 1277 area for the target of around 1300 area.

We remain aggressive bullish as long as the price lies above 1268 $ area.

 

CRUDE OIL : 

Please CLICK HERE to refer previous post for CRUDE OIL.

We got aggressive fall in CRUDE OIL as expected from the bearish pin bar.

Those not already short can observe a upside pullback till around 60.68 $ area which becomes flip resistance for short sell opportunity.

Any upside pullback would be a strong selling opportunity for CRUDE OIL .

Expected downside target is seen at around 54 $ area in coming days.

 

SIEMENS LTD :

 

Above is the daily price chart of Siemens Ltd.

Trend – Uptrend

Price Action – False Break of resistance with aggressive dual bearish rejection.

This counter trend pin bar can be traded downside with a tight stop loss of 1242.

Short selling entry was ideal at around 1206 till 1215 area which was the fifty per cent entry of the bearish pin bar for the target of around 1097 area or 1:1 as per the short entry or else early exit or stop loss railing method would be preferred in this case because of the counter trend trade.

Stay connected for the further updates.

Weekly Trade Setups – 20th May to 24th May 2019

PLS NOTE : All chart analysis posted below are the author’s own idea of trading for educational purpose only &  not any form of advice or recommendations or opinion to anyone

XAGUSD :

Trend – Bearish

It is clearly seen in the above price chart , SILVER has closed below the multiple hadse wala area and opened the doors to move down.

Wait and watch clear selling signals if we get a upside pullback starting from 14.571 to 14.989 area.

14.571 to 14.989 seems to be strong flip resistance area to observe selling signals to board downward bearish rally,

Stay connected we will post if any potential signals arrives at the above mentioned boarding point.

 

XAUUSD :

Trend – Neutral

1268 $ area seems to be potential area to take judgement for GOLD as shown in the above price chart.

We will have long views strictly if we get long bullish rejection at around 1268 $ area.

Time to stay away and observe price behavior at 1268 $ area to take further trading decisions.

Stay connected for further updates on GOLD.

 

Natural Gas :

Trend – Mild Uptrend

We can clearly observe price has started making higher lows as shown above.

Around 2.625 area is seen as a flip support area.

We have buying views from 2.625 area for the target of 2.724 area

Buying signals can be observed on 4 H or Daily time frame at around 2,625 area for the upcoming target of around 2.724 area.

Also we have strong selling views at  its strong resistance area located at 2.724 area as per the long term downtrend view.

Any selling signal formed at around 2.724 area on 4H or Daily time frame would be an selling opportunity.

Stay updated for next post on Natural Gas.

 

CRUDE OIL :

Trend – Long term Uptrend – Short term downtrend

We found a strong bearish rejection on 13th May as shown above in the price chart of CRUDE OIL

We traded this bearish pin bar downside as price was rejected heavily to open the downward path.

Now we can see price is nearer to stop loss but still price has not closed above the bearish pin bar.

Still we expect price may fall aggressive for CRUDE OIL till price lies below 63.50 $

Stay updated for next updates on CRUDE OIL.

 

LEAD :

Trend – Aggressive downtrend

We can see clearly price has closed below the multiple affected zone.

We have strong selling views after a short upside pullback till its flip resistance area located at around 1892 area.

Action – Any bearish rejection found on 4H or daily time frame at around 1892 area might be a strong selling opportunity to board bearish rally.

Stay updated for next post on LEAD.

 

ZINC :

Trend – Downtrend

We are eager to see a healthy upside pullback till starting from 2684 to 2722 area , which now becomes flip resistance area to find potential selling signals on daily time frame,

Waiting till flip resistance if price pulls up till around 2684 to 2722 area would be a good idea for ZINC.

Stay connected for next post on ZINC.

 

NICKEL :

Trend – Downtrend

We have strong selling views for NICKEL from price strength starting from 12110- 12511 – 12811 area.

12511 area seems to be a good 50 per cent healthy upside pullback to catch a bearish rally for NICKEL.

Clear selling signals on daily time frame can be observed at around 12110 or 12511 or 12811 area.

Better to work on clear signals in NICKEL at the above mentioned flip resistance areas.

 

NIFTY :

Trend – Short term down

Multiple inside bar is seen in Nifty at its flip resistance area on 14th , 15th and 16th May.

Nifty exactly bounced up from its flip support area of 11115.

As shown in the above chart of NIFTY multiple affected i.e hadse wala area is seen ahead at around 11565 area.

If we get bearish symptoms at around 11565 area then we are in a mind set to short sell Nifty aggressively.

Clear selling signals has to be observed at affected zone of around 11565 area.

Stay updated for next post on NIFTY.

 

AUROBINDO PHARMA :

Trend – Aggressive downtrend

Closed strongly below dhoondo dhoondo hadse wala area of around 698 area.

Also ruptured the long term side way structure downside as shown in the above price chart.

This downside ruptured opened the new targets for price at around 528 area.

We are now eager to see bearish rejection at around 698 area to board into bearish rally downside.

Stay connected for next updates on Aurobindo Pharma.

 

Tata Motors Ltd :

Trend – Downtrend

Closed below the affected zone of 200 area.

Now we are eager to see the upside pullback till 200 area.

We hope to get bearish rejection at around 200 area to get in line into the downward move.

Stay connected for next updates on Tata Motors.

 

YES BANK :

Trend – Aggressive downtrend

Price closed below the strong support area of around 162.

We area in a mind set to see a upside pullback till 162 area and if we get selling signals at 162 area then we have a aggressive short selling view as per the price action created in the above chart of Yes Bank .

We will update on Yes Bank.

 

GBPUSD :

Trend – Downtrend

Any upside pullback starting from 1.2871 to 1.2986 area would be a short selling opportunity if we get bearish rejections.

Stay connected for further updates on GBPUSD.