INDIAN MUDRAA TEAM-TALK

Thanks For Your Action
INDIAN MUDRAA TEAM-TALK

FOR EQUITY AND COMMODITY TRADER

Refresh Post

Latest topics

» Silver Risky Call
by manuudp 6/6/2012, 3:41 pm

» POSITIONAL BUY-CRUDE
by yunusgani 6/6/2012, 3:21 pm

» Risky sell Gold
by Admin 6/6/2012, 3:03 pm

» Sell Copper
by yunusgani 6/6/2012, 1:54 pm

» SELL CRUDE OIL
by RAVIKUMAR NALLIYAPPAN 5/6/2012, 4:00 pm

» POSITIONAL GOLD CALL
by RAVIKUMAR NALLIYAPPAN 1/6/2012, 11:53 pm

» SELL CRUDE OIL
by veepee 1/6/2012, 10:27 pm

» BUY SILVER
by veepee 1/6/2012, 10:17 pm

» MCX CALLS
by yunusgani 1/6/2012, 12:48 pm

» BUY SILVER
by sri ruban 1/6/2012, 12:47 pm

» Daily One Thirukural
by kumaravel meyyapaan 1/6/2012, 11:09 am

» AFTERNOON TECHNICAL ROUNDUP
by mahesh9944361246 31/5/2012, 5:46 pm

» SHORT NIFTY FUTURE
by RAVIKUMAR NALLIYAPPAN 31/5/2012, 11:12 am

» High-Volatge Silver Call
by yunusgani 30/5/2012, 11:51 pm

» BUY CRUDE-risky
by RAVIKUMAR NALLIYAPPAN 30/5/2012, 11:48 pm

Who is online?

In total there is 1 user online :: 0 Registered, 0 Hidden and 1 Guest

None


[ View the whole list ]


Most users ever online was 22 on 30/5/2012, 1:01 pm


    Technical Analysis for Energy Markets

    Share
    avatar
    kumaravel meyyapaan

    Posts : 23
    Points : 67
    Join date : 2012-05-26
    Location : Chidambaram

    Technical Analysis for Energy Markets

    Post by kumaravel meyyapaan on 30/5/2012, 3:19 pm

    The price has declined affected by facing the resistance of the descending channel seen on the image. EMA 20 and EMA 50 are covering the movements as well while ADX shows a bearish sign suggesting further losses over intraday basis. Stochastic has entered oversold territories and that may cause fluctuation. The price should stabilize below 92.15 to keep our scenario valid; whilst breaching 89.75 will confirm and accelerate the downside wave .
    The trading range for today is expected among the major support at 88.55 and the major resistance at 93.10.
    The short-trend trend is to the downside with steady trading below 106.40, targeting 90.20.
    Support: 90.20, 89.75, 89.30, 88.80, 88.55
    Resistance: 90.60, 91.05, 91.45, 91.80, 92.15

    Recommendation Based on the charts and explanations above we recommend selling oil around 90.60 targeting 89.75, 89.30 and 88.55. Stop loss with four-hour closing above 91.45.


      Current date/time is 19/10/2017, 3:05 am