SRK TRADING CALLS: MCX CRUDEOIL WEEKLY VIEW FOR THE WEEK 6.1.14

GOLDEN TIP FOR BEGINNERS

WHEN A INDEX OR SCRIP OPEN ,LOW ARE SAME AND HIGHER THAN PREVIOUS CLOSE {REMEMBER MUST BE HIGHER THAN PREVIOUS CLOSE} , THEN DON'T SHORT THAT SCRIP WHERE AS IN OTHER WORDS , YOU CAN TRY LONG IN THAT COUNTER

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WHEN A INDEX OR SCRIP OPEN,HIGH ARE SAME AND LOWER THAN PREVIOUS CLOSE {REMEMBER MUST BE LOWER THAN PREVIOUS CLOSE} THEN DON'T GO LONG IN THAT SCRIP WHERE AS IN OTHER WORDS , YOU CAN TRY SHORT IN THAT COUNTER

DISCLOSURE:- THIS IS MY PRACTICAL OBSERVATION IN MY TRADING JOURNEY AND I PUT THIS AS A THEORY FOR MY OWN TRADES , THIS IS NOT ANY ONE'S , OR NOT WRITTEN IN ANY TECHNICAL BOOKS
SOME COPY CATS COPYING THIS
TOTAL SENTENCE TO THEIR BLOGS OR WEBSITES
SO, IT IS YOUR RISK IF U DO ACTIONS ON THIS THEORY

Sunday, January 5, 2014

MCX CRUDEOIL WEEKLY VIEW FOR THE WEEK 6.1.14 - 10.1.14

Outlook for CRUDEOIL for next week:-.

Major Trend indicators: - MACD & TRIX ready to broke zero line, ADX @ 24.37 {above 20}, Parabolic SAR @ 6266.58, check the chart

Momentum oscillators: - RSI @ 40.12, STOC @ 40.93 {trending zone} & WILLIAMS%R @ -96.15 {oversold zone}, Check the chart

Volume Indicators: - MFI @ 37.13, Volume oscillator @ -6.36, NVI @ 382.16 which is below to avg 390.76 & PVI @ 76.73 which is below avg 77.38 check the chart

Volatility Indicators: - ATR @ 95.06 & CRUDEOIL Reached lower band is @ 5888.7 & middle band @ 6084.15 {CRUDEOIL cmp 5897}, check the chart

Negative outs puts: - CRUDEOIL {panic 6084} cmp 5897 which is below all ema's 20 ema @ 6073.25, 50 ema @ 6088.7, 100 ema @ 6134.5 & 200 ema @ 6005.38