WEEKLY NEWS LETTER BASED ON W D GANN RULES

(Please read the Risk disclosure, Disclaimer, Non-disclosure and conditions of use given below before proceeding any further)

 

 

02 JULY - 06 JULY 2018

 

DOW JONES INDUST:

The chart above clearly indicates the Dow is facing strong resistance near Gann level 25500. So for the near future this will remain a  pressure price zone and if it is able to breach it on closing basis then only some strength will be indicated. However for the short term  it will find good support near the Gann levels  24000 - 23500-23350. Any closing below 23300 will indicate much lower levels in coming days. Follow the levels given below and create your own trading plan. These levels are very important on closing basis.

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE::  24000-23500-23350-22850

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 24570-24700-25000-25500

NASDAQ COMPOSITE: 

 

Nasdaq chart is in much stronger position if you compare it with Dow. It is a clear buy on dips candidate for positional traders. However those having a very short term view can create short near Gann levels 7620 & 7700. Since the major trend is up so any short trade must be taken with strict stop loss.Follow the levels given below and create your own trading plan. These levels are very important on closing basis.

 

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE  7410-7310-7200-7020

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE ::7620-7700-7820-7925

NYMEX CRUDE: 

  The chart indicates extreme bullishness and is a clear case of buy on declines. It has taken a good bounce from the Gann support near 63. Next major Gann resistance level is near 85. Follow the levels given below and create your own trading plan. These levels are very important on closing basis.

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE::  71-67.5-63.5-61.5

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 74-77-79.7-81.5-85

 

GOLD LONDON: 

  Gold chart is showing some weakness as it has broken some very important Gann support levels in previous weeks . It will gain strength only if able to close above 1310 convincingly. 1235-45 is a strong  Gann support zone on closing basis, so keep a close watch on this level.Follow the levels given below and create your own trading plan. These levels are very important on closing basis.

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE::  1235-1205-1180-1120-1045

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 1305-1325-1365-1380-1425-1490

 

 

 

• IMPORTANT TRADING RULES::
   
  PLAN YOUR TRADE THEN TRADE YOUR PLAN.
  
  
  ALWAYS TRADE NEAR  GANN  LEVELS TO MINIMIZE RISK.
  
  
  NEVER BE RIGID IF SUPPORT & RESISTANCE LEVELS ARE BROKEN.
  
  
  NEVER TRADE WITHOUT STOP LOSS.
  
  
  PUT STOP LOSS IN THE SYSTEM NOT IN MIND.

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  Risk disclosure, Disclaimer, Non-disclosure and conditions of use
   
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