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DOW JONES INDUST:
Gann support level of 26300 in Dow is still holding .Keep buy on dips strategy till Dow closes below 25950. 26700 was a Gann resistance level and Dow corrected exactly from this level. Next major Gann resistance zone is 26950-27000. Any close above 27000 will indicate big strength in uptrend.Follow the levels given below to create your own trading plan. These levels are very important on closing basis.
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MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE:: -26300- 25940-25830-25620-25350-25200-24700-24400
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: - 26700-26950-27000-27350-28020
Nymex crude did go upto next Gann level near 66.3 but was unable sustain and corrected from there. 61.8 is a strong Gann support and expect more correction if closes below this level. Major weakness will be indicated only once it closes below 58.
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:: 61.8-60-58-54.5
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 66.3-68-70
Gold was unable to close below crucial Gann support level 1270. So buy on dips strategy is working nicely till now. But any close below this level make the trend sideways from bullish. 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:: 1270-1265-1255-1236-1220
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 1296-1320-1335-1355-1366-1380-1400
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