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Indian Oil Corp Price at monthly trend linepink line is monthly support around 70 rupees. it is important to see this level when price hit this trend line support if price able to maintain this level than it can move upward to short term target 80 , 90 , 100 as relief rally ( corona crisis so it can repeat usoil rally too.) no oil consumption can lead this to 50 , 60 rupees zone. same as usoil contract about to expire and negative price hit. but yes until pandemic is not over oil will go dip
NSE:IOC
by iamcryptoman
FOREX EUR/CHF back to 2015 soon !!!Hello Traders, I hope you have a good week-end even if we're in a quarantine. So, today i propose my view about the EUR/CHF. Do you remember January 2015 and the crash of the EUR/CHF ? Yes of course ! Guess what !? We'll be back soon in 2015 ! EUR/CHF has been in a powerful Downtrend since October 2007. But EUR/CHF has difficulties to break the 1.05000 price level. Indeed, the battle is between the area of 1.05000 & 1.10000. Have a look at the past & you'll understand what happened at these levels and why this area is so important. I won't speak about macro economic news or covid-19 crisis because to be honest with you actually the MARKET is irrational & doesn't care about these stuff. And also because we don't need macro economic news or whatever things to see & understand what's happening on our chart ! Simple things are the best things for investing or trading ! So, Back on topic ! I really believe with what i'm watching on my chart now that before the end of this summer the EUR/CHF could reach the 1.0000 price level ! In fact, Price just stay on the VWAP (decade anchor period) so it means that it's difficult to enter in a position now but don't forget that the main trend is bearish. I'm waiting for a powerful break under the VWAP to confirm my chart analysis but i'm really optimistic about that no doubt ! Don't worry even if the market looks like nothing ! The best soups are made in old pots haha ! Ok, So it's all for this chart analysis. I really hope you'll like it ! Please, don't forget to support me by a following & a like ! Thanks & see you !
Short
by UnknownUnicorn4544564
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