Weekly Trade Setups – 19th August to 23th August 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

 

NIFTY :

Trend – Short term bearish

Nifty exactly reversed down on 13th Aug from its flip resistance area after forming a small quality bearish rejection as seen in the above price chart.

Around 11126 area and around 11465 area is seen as flip resistance area to find bearish rejections in coming days.

We are having short selling views as long as price remains below 11465 area.

Waiting for the upside pullback till 11126 or 11465 area and observing bearish signals would be a better idea for Nifty.

Stay updated for next updates on NIFTY.

 

SILVER :

Trend – Aggressive bullish.

Multiple resistance area is seen at around 16.630 area which can become a strong flip support as seen in the above chart.

Now we are in a mind set to observe a downside pullback till around 16.630 area and we will observe clear bullish rejection on 4 Hr or Daily time frame to board the bullish move ahead.

We stay bullish for silver till price lies above the event area of around 15.932

 

GOLD :

Trend – Aggressive bullish

We will wait for a downward pullback till around 1440 or 1382 area and if we get a desired downward pullback then we will observe clear bullish rejection on daily time frame at the above mentioned locations.

We area now eagerly waiting for boarding bullish move after a downside pullback at around 1140 or 1382 area.

We are bullish for GOLD as long as the price lies above 1382 area.

 

CRUDE OIL :

Trend – Neutral

We are in a mood to observe selling signals at around 58.80 $ or 60.69 $ area if we get a upside pullback.

Overall the bias seems bearish as seen in the above price chart .

We will stay aside this week and observe how price folds this week to get more clear idea for CRUDE OIL.

 

NATURAL GAS :

Trend – Bearish

Last week we got expected upside pullback as seen in the above chart.

This week we will closely observe clear selling signals at around 2.327 area which is a major event area.

We are bearish for Natural Gas as long the price lies below 2.327 to 2.441 area.

 

NICKEL :

Trend – Aggressive bullish

As discussed in our previous post for NICKEL , it got exactly reversed from its flip support area of around 15116 area.

Now again we are in a plan to rejoin the bullish move ahead.

So this week we will observe a downside pullback at its flip support event area at around 15116 area and observe clear bullish signals on daily time frame.

we stay bullish for NICKEL till price is above 13783 area which is the major multiple affected event area seen in the above price chart.

 

COPPER :

Trend – Bearish

We can clearly see in the above price chart , price has closed below the major multiple affected support event area of around 5778 area on 12th August.

IN the previous week we were expecting clear sell signal at around 5778 area which might act as a strong flip resistance.

Price again closed above 5778 area on 13th Aug and again closed below 5778 area on 14th Aug.

So this week we will stay away and watch how price behaves here at around 5778 area to take further trading decisions.

Stay connected we will update immediately if potential signal arrives at this location.

 

LEAD :

Trend – Neutral

Above is the MCX chart of LEAD

We are interested to find clear buying signals at around 148 area as it is clearly showing the side way structure.

 

ZINC :

Trend – Bearish

Strong event location to observe sell signals is seen at around 2357 area in the above price chart.

On 15th August we got bearish rejection as shown in the above price chart which may push the price downward.

But remember we always trade a healthy pullbacks at proper event zones as per trend level signal price action.

We stay bearish as long as the price lies below around 2357 area.

Traders can wait and watch the price behavior at around 2357 area to get in line with the downward bearish move.

 

Stay connected for the next updates.

Weekly Trade Setups – 12th August to 16th August 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

SILVER :

Trend – Aggressive bullish.

Bullish rejection found on 1st Aug at the nearest flip support area worked excellent as seen in the above price chart.

We are eager to rejoin the bullish rally again at the flip support area of 16.649 or 16.175 area with a clear buy buy signal.

 

GOLD :

Trend – Bullish

This week we will closely observe the downward pullback till 1440 area or 1381 area to board the bullish trend ahead.

Stay connected for next updates.

 

CRUDE OIL :

We have seen a aggressive drop in a price after a bearish combo set up for crude oil as we posted on whatsapp.

We are still having short selling views for CRUDE OIL as long as the price lies below 58.80 $ to 60.69 $ area.

This week we will observe the selling signals till around 58.80 $ or 60.69 $ area.

Stay connected for next updates.

 

NATURAL GAS :

Trend – Bearish.

We already traded the bearish rejection found on 1st Aug and got excellent downward move.

We still are eager to find a upward pullback starting from 2.158 – 2.327 – 2.441 area to rejoin the downward move again.

We will find clear selling signals till starting from 2.158 – 2.327 – 2.441 area to get in line with downtrend.

 

LEAD MCX :

 

For Lead we will observe the MCX charts to take trading decisions in it as there is a discrepancy in Lead CFD chart and Lead MCX chart.

Above is the LEAD MCX chart.

Trend – Side Way

Our focus will be on 148.50 area and 159.50 area to take further decisions in LEAD.

Clear selling signal at around 159.50 area would be a selling opportunity and clear buying signal at around 148,50 area would be a buying opportunity.

Or else if any sideway range breakout occurs then it may create a breakout trading opportunity.

We will post next updates for LEAD MCX.

 

ZINC :

Trend – Aggressive down

Any upside pullback would be a strong short selling opportunity for ZINC.

We will observe clear sell signals at around 2357 area if we get a upside pullback to board the downward bearish move.

 

NICKEL :

Trend – Aggressive bullish.

Bearish rejection is found at the top for NICKEL as seen above in the price chart. This can push the prices downward.

Clear buying signals found on daily time frame at around 15116 or 13783 would be a buying opportunity for NICKEL.

We stay bullish for NICKEL till price is above 13783 area.

Waiting for buying signals till 13783 would be a good idea.

 

COPPER :

Trend – Bearish

It is seen that price is arrived at at flip resistance area of around 5778 area.

Now here we need clear bearish rejection on 4 H or daily time frame to take short selling decision.

Stay connected for next updates.