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)

09 JULY - 13 JULY 2018

DOW JONES INDUST:

Last week we clearly indicated the Gann support levels are 24000-23500-23350.Look at the chart above . 24000 has acted as good support  and almost 400 points rally followed from there it stopped near next resistance levels as given below.. 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: 

As indicated last week Nasdaq is showing good strength, and those who followed buy on dips strategy must have been rewarded by now.On Wednesday it stopped near first resistance and on Friday it stopped near 2nd resistance of 7700. So all Gann levels active and is being respected.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 ::7700-7820-7925

NYMEX CRUDE: 

  Last week crude remained in a narrow range, but buy on dips strategy worked well as every dip was followed by a bounce. Look at the chart above and see a horizontal red line near the top. This is the famous Gann Sq9 positional line. It is advisable to wait and watch and let it close convincingly above this line to indicate more strength. Some correction is possible if it closes below 71.9, but trend will remain a buy on decline.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::  71.9-67.5-63.5-61.5

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 75-77-79.7-81.5-85

GOLD LONDON: 

  Gold found support exactly near Gann levels as indicated last week. A rally of almost 20 points followed from there. Any closing below 1230 will indicate further weakness and may go below 1200 also.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 :: 1285-1301-1325-1365-1380-1425-1490

EUR/USD: 

  The positional trend of EUR/USD  is weak but it has reached a very crucial Gann support level. So positional traders must watch the Gann support zone 1.1509 to 1.1445.  Breaking of this support zone may take it to the next level of 1.1075. Follow the levels given below and create your own trading plan. These levels are only for positional trading and are very important on closing basis.

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE::  1.1509 / 1.1445 / 1.1075

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 1.1860 / 1.2035 / 1.2211 

• 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
   
  Art Of Trading(AOT)/ RRR PROFIT is an educational organization and its founder Shyamal Ranjan Sinha  intends to educate you on techniques and/or analysis and/or hypothetical trading strategies associated with W.D.GANN principle and other forms of market analysis. You have a unique opportunity to learn from the experiences and techniques taught by Shyamal Ranjan Sinha. However, the News Letter/ tutorials do not, and should not be implied to, provide that any level of success or profits shall be attained or realized as a direct result. This is an information service only
   
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