For the past two weeks crude is trading above the 200 day Weekly moving average. Seems Crude is no longer cheaper any more. Source: www.marketcalls.in
Should Nifty Traders take cues from Baltic Dry Index?
Baltic Dry Index is often referred as the leading indicator of th economy. The index measures the demand for shipping capacity versus the supply of dry bulk carriers. The demand for shipping varies with the amount of cargo that is being traded or moved in various markets The BDI is termed a leading economic […]
Fundamentals and External Factors are Hard to Trade
Here is cute overview of the relationship between fundamentals and the DOW over at Macrotactics: GM chapter 11 = PRICED IN125K+ jobs lost from GM chapter 11 = PRICED INunemployment @ 9% = BETTER THAN EXPECTEDunemployment @ 10% = DOW SOARSunemployment @ 11% = GREEN SHOOT RALLYunemployment @ 12% = ALREADY FACTORED IN unemployment = […]
Nifty and MYself
Baltic Dry Index is Melting…..Crude is Sinking…..Commodities are dragging down…..Yen is Sinking……Dollar…. It is still a mystery Iam really tired of Watching All these things…. I thought these could be the external factors that could affect nifty…. I confused myself and so the decisions here. External Factors doesnt help you if are an fine […]
Gold-OIL Ratio turning up once again
Gold / Oil ratio refers to how much crude oil can be bought with one ounce of Gold. With gold at $1000 per ounce and oil at $66 per barrel, the Gold/Oil ratio is at 15.15. The average for the last 40 years has been around 15. The gold-oil ratio identifies: – […]
Crude at critical Resistance once again
Crude strongly resisted near 200 day Weekly EMA. After Resisting near 74$ it shows strong move towards $68 and showing negative divergence pattern in daily charts. By Applying 13,34,55 EMA Principle we could find that crude is trade below all the three major EMA zone 13 EMA – 69.98 34 EMA – 69.54 55 […]
Short Overview of State of Nifty and Economy
Everything remains the same — Reliance Lags Nifty — Nifty Wintess 3 Week Top Formation in Weekly Charts — Trin is above 1 — FII's Remain Netsellers — Dollar Bottomed Out in short term along formation with bullish divergence in charts — GANN Tussle between bullish and bearish lines from the GANN Charts — […]
Crude once again near 200 Week Moving avergage
Crude once again near 200 Week Moving avergage with bearish negative divergence on daily charts Source: www.marketcalls.in
USD Index Bottomed Out???
Charts of USD Dollar Index shows a Basic 5 wave elliot corrective structure ending with strong Positive momentum Divergence which is clearly visible in MACD as the index is making lower values MACD trend to move higher. Possibly the shorter term trend could change followed by lower crude,gold and stock asset prices. Source: […]
Crude Under Critical Resistance Zone
Just a simple chart to look out. Crude Weekly Chart shows that it is facing a massive Resistance near 200 Week Moving Average i.e around 74-75$ Zone. And RSI-5 indicates weakening of strength in the crude. Source: www.marketcalls.in
Gold and Bearish Negative Divergence
Gold is making a bigger Divergences in daily charts with base supports(55 EMA) near $930. Below 930 it warns a testing of previous supports near $870 in medium term Source: www.marketcalls.in
High Probability breakdown in USD Index
Still now FII's are pumping money inside india due to the depreciation of the the USD Index. Thought not much fundamental improvement visible in both of the countries( India, America). And the weekly charts states that USD index is likely to close below the cloud for the week. Which indicates a high probability of […]