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DOW JONES INDUST:
Last week I clearly wrote that major Gann support area is near 25000 to 25200 on closing basis. Look at the chart . Dow found support exactly near Gann levels and quick 700 points rally started from there. Think of weakness only once Dow is below 25000 on closing basis.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:: 25200-25000-24700-24200-23350
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: - 25960-26220-26700-26950-27000-27350-28020
Sideways movement continues . So no change in levels.Major weakness will be indicated only once it closes below 58. Upward journey will face resistance in the zone of 65-66.3.
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:: 60-58-54.5
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 65- 66.3-68-70
We witnessed superb rally in Gold from Gann support of 1270. Buy on dips strategy is working nicely till now. But any close below 1270 will 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 :: 1305-1320-1335-1355-1366-1380-1400
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