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Finally a good correction is witnessed from Gann resistance level 1.1500. The day we get a convincing daily and weekly close above this level , we can expect a short term bottom in place.
Major trend remains down and it will give a reversal signal only once it closes above 1.1860 convincingly. The levels given below are only for positional trading and are very important on closing basis.
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MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE:: 1.1300/ 1.1200/1.1120/1.1075
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 1.1500/1.1625/1.1780/1.1800/1.1860 / 1.2000
Dow chart is showing good strength and will be completely out of bear grip once it trades and closes above 26300 convincingly. But before that 25300 and 25950 are next important levels to watch as big resistance levels. keep buy on dips strategy near all Gann support levels.
Follow the levels given below to create your own trading plan. These levels are very important on closing basis.
Those who are interested in complete News letter and detailed weekly trading plan with precise Buy/Sell entry levels & minimum SL can subscribe for it. To subscribe visit the following page https://www.artoftrading.co.in/newsletters
MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE:: - 24000-23750-23300-22600-22250-21700-20100
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: - 25000-25300-25550-26000-26300
As indicated last week , we are witnessing some bottom formation activities in Dax chart. Real strength is indicated only above 11700.Follow the levels given below and create your own trading plan. These levels are very important on closing basis.
Those who are interested in complete News letter and detailed weekly trading plan with precise Buy/Sell entry levels & minimum SL can subscribe for it. To subscribe visit the following page https://www.artoftrading.co.in/newsletters
MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE 10950-10650-10400-10250- 10140-10050-9650-9500
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 11350- 11700-11900-12150-12360
Short term trend is up but no change in major trend as of now. It will remain down till crude closes above 56.5 .
Follow the levels given below and create your own trading plan. These levels are very important on closing basis.
Those who are interested in complete News letter and detailed weekly trading plan with precise Buy/Sell entry levels & minimum SL can subscribe for it. To subscribe visit the following page https://www.artoftrading.co.in/newsletters
MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE:: 50-48-45-44- 42-39-37.5-35-27
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 54.9-56.5-60.5-63.2- 66.3-68-70
gold trend is up and will remain so till it does not close below 1255.Follow the Gann levels given below and create your own trading plan.
Those who are interested in complete News letter and detailed weekly trading plan with precise Buy/Sell entry levels & minimum SL can subscribe for it. To subscribe visit the following page https://www.artoftrading.co.in/newsletters
MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE:: 1278-1266-1255-1236-1225-1215-1195- 1180-1153-1120-1045
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 1300-1310-1325-1355-1366
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