Potential Buying Zone for tomorrow
Most probably NG will bounce from Demand Zone of 3.270-3.360
Oil has came up in last few sessions because of that double bottom formed at 45.8, it is in range of 51.6 to 45.8 so i believe it will go up lil bit more to 51 then come down to 46, so we have great opportunity to short for those who missed it earlier.. short opportunity from 51 to 46 with stop loss of 51.6, we have great risk and reward ratio. we can also play...
it took exact retracement from support of 45.80, now 50-50.40 are the resistance areas, 1 hour needs to break for long, 1 hour still in correction, i must say 15 minute chart is very important here, it is bullish right now that's why it is going up. if 15 min break by tomorrow then we could see further short on daily, otherwise 1 hour will break very soon and Oil...
Considering harmony levels from October 2015 to April 2016 we should hold till 52 level for short.
Oil is about to enter correction mode on 1 hour, hold till 45.50 for long upto 48.70, after getting correction Oil would move to its Daily target of 42/43.
Current scenario OIL is going for breakout on 1 hour and most likely it would be in downtrend on Monday also. First it will take correction upto 49.4 and then we will have 1$ Short to 49.30.
As we can see that Crude is getting range bound, from last few days Oil is unable to decide whether to go up and down and close almost at previous day price level which signify that market is at indifference point, It may last for next few days and would see down trend rally.
Required Settings 1. MACD settings (9,18,39) simply use histograms 2. Heikinashi Candle (1 Hour) 3. EMA 10 When to buy: hourly green candle close above EMA 10 and Histogram is green. when to exit from buy: hourly candle close red with red histogram irrespective of candle close above or below EMA . When to sell: hourly red candle close below EMA 10 and...
Required Settings 1. MACD settings (9,18,39) simply use histograms 2. Heikinashi Candle (1 Hour) 3. EMA 10 When to buy: hourly green candle close above EMA 10 and Histogram is green. when to exit from buy: hourly candle close red with red histogram irrespective of candle close above or below EMA. When to sell: hourly red candle close below EMA 10 and Histogram...