Trend Turns from positive to negative with 5 EMA Resistance at 2803.
RSI-2 Dips below 50 shows increased selling pressure
Related Readings and Observations
Natural Gas Technical Outlook – Reversal Ahead ? Now natural gas is trading around $6.37 & as we can see on charts , this area is just below the 61.8% feb correction level of the last downside wave. As the last downside move was very […]
Copper Technical Outlook for October Now copper is trading around $3.2928 & as we can see on chart, copper facing a resistance at topline of current descending channel which is also represent the 78.6% feb correction level of […]
How to Build Simple Metrics using Excel from Amibroker Backtesting Report Here is a video tutorial which explains how to make use of your Amibroker backtesting report by building simple metrics and visualize your trading strategy with MS Excel Pivot tables. Some […]
Bank Nifty Daily Sentiment at Extreme Bank Nifty since the start of Jan 2017 had done a 1000 points+ recovery and moved up without much rotations on the daily charts. Trading Sentiment remains positive for the weekly timeframe […]
Using Options as Investments Tool for any asset class. is a type of contract between 2 persons where one person grants the other person the right to buy or to sell a specific asset at a specific price within a specific time period. The most […]
Nifty Futures – Extreme Bullishness during August Expiry Monday trading session opened with a gap up with high buyers confidence and also it is a trend day in Nifty futures. Buyers confidence remains high until the end of the day. However […]
Leave a Reply