Weekly Trade Setups – 8th July to 12th July 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 :

Trend – Aggressive uptrend.

We will wait for a strong healthy downward pullback till 1358 to 1347 area and watch clear buying signals to connect with the upside move.

 

SILVER :

Trend – Neutral

We will wait for SILVER how the price chart folds in coming days to take decisions.

Stay away at present from silver.

 

CRUDE OIL :

Trend – Down till the price lies below 60.68 $ area.

We will watch clear selling signals at around 60.68 $ area.

Or else if we get strong buying rejection at around 54.78 $ area still we can participate in it.

Wait and watch for the clear signals at the above mention areas.

 

NATURAL GAS :

Trend – Down

We will observe clear selling signals at around 2.442 to 2.512 area to participate in the downward move.

 

COPPER :

Trend – Down

Strong flip resistance area to find sell signals is seen at around 6079 area.

We have short selling views for COPPER at around 6069 area with clear bearish rejection signal.

 

LEAD :

Trend – Mild uptrend

We got little bullish rejection at the flip support area of around 1864 area.

But bullish rejection created is not sufficient strong , so we will come to 1 H and 4H or daily time frame and watch clear bullish rejection to take buying decision.

 

ZINC :

Trend – Aggressive down

We will wait for a healthy upside pullback till around 2550 to 2596 area and watch clear selling signals to board the downward bearish rally.

 

NICKEL :

Trend – Mild uptrend

Clear buying signals has to be observed at around 1254 area to connect with the mild uptrend as seen in the above price chart.

Also we have selling views from the multiple affected zone seen at around 12818 area , but the selling should be clear at this area to take short decisions.

 

GBPUSD :

Trend – Aggressive down

Selling signals has to be observed if we get a strong pullback at around 1.2774 area.

Any selling signals found at around 1,2774 would be a strong selling opportunity  in GBPUSD.

 

USDJPY :

Trend – Down

Clear selling signals has to be observed at around 109 area to board the downward rally.

Stay updated for the next post and updates.

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