Blog
Blog Categories
finance Derivatives Technical Analysis Equity Market E-Learning Economy Fundamental Analysis Stock Market Inventory Data Commodity Market Economic Data
Technical Analysis
Crude oil Weekly View According to Chart
Posted by
13 January, 2014, 6:01 PM
Crude January contract on MCX inched 193 rupees down to settle at 5704. Crude settled well below 50 weeks SMA and 61.8% Fibonacci retracement level. 10 weeks SMA is below 20 weeks SMA and now approaching 50 weeks SMA from above for a bearish cross that would trigger more weakness in this commodity. MACD is already below signal line and now falling below zero line which is hinting more weakness in this commodity. Stochastic is also failing to hold above 50 and has given bearish cross supporting bearishness in this commodity. Immediate support is now seen near weekly low at 5669 and then at horizontal line near 5630-5600 zones that may provide a temporary support to falling crude prices whereas failure of 5630 on closing basis would bring more weakness and then current bearish move may extend towards 5350 and more down side. Resistance is now seen near weekly high at 5918 any sustained move above that level may bring some charm in this commodity and then we may see attempts for retest to 6000-6100 zones but commodity is likely to remain in bearish posture for short term and failure of 5600 would supply more power to crude bears for a retest to 5400-5350 zones.
Trading range for the week is expected among the key support at 5500 and resistance at 5840.
Recommendation:
* Now selling crude on jumps around 5800-5830 with stop loss above 5920 for targeting 5650-5500 and more down side.
* In another scenario selling crude below 5660 with stop loss above 5710 for targeting 5600-5550-5500 and more down side.
* Buying can be taken above 5920 with stop loss below 5860 for targeting 6000-6050 and more upside.
Post Comments
Trending Now
Stock Market
10 Best Trading Strategies to Invest in Stock Market
Certainly! Here are 10 popular trading strategies to consider when investing in the stock market:
Stock Market
Why Basic knowledge is important before Investing or Trading in Share Market
Why Basic knowledge is important before Investing or Trading in Share Market/Stock Market?
Equity Market
How to invest or trade in Indian share market companies
How we can invest in Indian share market. First we how to open demat account with depository and trading account with broker through any broking company and link bank account with demat account.
Stock Market
What is the purpose and career opportunity in stock market
There are many career opportunity in stock market, especially in recent year. This market is getting bigger day by day. People from all background whether science, commerce or arts are showing more interest in stock market. Many are opting to become a financial market participant and work independently and many are opting it as full time career.
Stock Market
Who can invest in stock market?
Investment in stock market is beneficial if you know the level where you have to invest for short term or long term. It is not a tough task for trader just need some study properly, they should analysis about the stock or commodity. then that is sure you will get a good return from the stock market.
Stock Market
Do's and Don't for Stock Market traders
Every trader has to make some trading strategy before trading in the stock market and the most important thing follow that principle rules with discipline.
Technical Analysis
What is Elliot wave theory?
There are so many trading tools available in the market. You don't need to follow all the available tool otherwise you will be confused. Tools are like Price action, Fibonacci sequence, Elliot waves, Volume etc.
finance
What is geopolitical conditions?
There are so many reasons that may affect the financial market. This is also true that nobody can read or the fundamentals factor. A full-time trader can read all the international and national news.
finance
What is stock exchange and how it works?
An exchange is a platform where a registered member can buy or sell in a company.
finance
What is US Dollar Index?
If you are trading in the stock market you must know the value of dollar index, you will come to know the strength of your country's currency. This index will help you like a indicator.
Stock Market
What is the benefit of Advance Diploma in financial market management?
A short term course which is the best course for job purpose in the financial market. ADFMM course is good for whom, who want to do the job in broking firm, bank, and finance.
Technical Analysis
Benefits of Technical Analysis Course
Technical Analysis is the best way to generate calls for equity or commodity market for intraday, short term or long term. The best entry levels for selling and buying possible only if you know the technical analysis.
finance
What is Equity market or share market? How it works?
Share market can be very risky if you don’t know where to buy or sell. Which level is best for trading in intraday, short term or long term, how much investment required in stock. How to minimize the risk in share market.
finance
What is short means in financial market?
Selling a stock or commodity in the future market is called short selling when a trader thinking that the securities may fall from in coming days.
finance
Benefits of investing in stock market
Before investing in stock market trader should know which stock or commodity is best for buy or sell. If it is bullish then how much money you have to invest and how long you have to invest in it. Also you should know the best level for buy/sell and the exit levels, how much risk involve in that position you must know.
finance
What is Derivative Market?
A derivative market is a platform where financial instrument whose price is dependent upon or derived from one or more underlying assets.
Stock Market
What is the stock market?
A Stock market is a place where stocks, futures, options and commodities are traded. Buyers and sellers meet on this platform provided by stock exchange through computers. To trade in stock market trader should understand the business, economics, demand and supply, politics etc.
finance
Career in stock market
Kick start your career in stock market with NIFM-National Institute of Financial Market (Delhi). We provide short term and long term courses for fresher and experienced. Who want to improve their knowledge or who want to improve their trading skills.
Economy
What is German Factory Order and the importance of data
Economic data are important for market, they are basically indicate about the health of the Economic.
Technical Analysis
Which indicator or oscillator is best for trading intraday long term short term
Technical indicators are tools that provide to traders an indication about the movement or direction of the stock or commodity. These indicators are generally used as additional information before one takes a decision to buy or sell a share.
Fundamental Analysis
What is FOMC and the affect of the data
To handle world market economy 12 members discus on about the health of world economy. They vote in favor or against the decision of Interest Rate Statement, Fed Statement and Monetary Policy Statement.
E-Learning
Benefits of Online Stock market courses
Most important benefits of Online Courses is saving your valuable money and time, You can read any time.
Technical Analysis
What is Bearish Channel How to trade on this pattern?
A Channel is a price movement which is bound by a lower and upper trend line. You can generate short term call by using chart patterns. Must know about these chart pattern. For detail join NIFM Technical Analysis Course in DELHI / NCR / FARIDABAD / LUKHNOW
finance
Intro about Gann Theory
The Gann theory is based on geometry, astronomy and astrology and ancient mathematics.
Fundamental Analysis
What is Average Hourly Earnings m/m and the effect
The US data Average Hourly Earnings is a leading indicator. It is one of the earliest data which is published in a month that is related to producer and consumer inflation.er, leading to consumer inflation and the increased likelihood of interest rate increases. Reduction in labor costs will have the opposing effects.
Fundamental Analysis
Fed result summary
The Federal Reserve System, it is also known as the Federal Reserve, and informally as the Fed is the central banking system of the United States.
In 1913 it was founded by Congress to provide the nation with a safer, smoother, more flexible, and more stable monetary policy and financial system.
Over the years, its role in banking and the economy has expanded."
Fundamental Analysis
Brave Choice by Greece voters to reject the terms of an international bailout in Sundays referendum.
"Brave Choice" word used by Greece Prime Minister Alexis Tsipras. Greece voters reject the terms of an international bailout in Sunday's referendum.
Fundamental Analysis
What is LME Stock What is the impact of LME stocks on base metals how to read LME stockss
London Metals Exchange is commodity exchange where they deals in metal futures. Lots of metals Contracts on the exchange include aluminum, copper and zinc, lead, nickel. LME stock are very important for base metals trader because their impact high for base metals.
Fundamental Analysis
FOMC meet ahead at 11:30
FOMC committee which makes key decisions about interest rates and the growth of the US money supply.
Technical Analysis
Doji candle pattern and the impact of doji
A doji is a strong reversal candlestick patterns which is occurs in the top or the bottom of the trend.
MDBootstrap
Hello, world! This is a toast message.