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crude oil pump

Nothing has changed for the crude oil since we last updated our outlook and highlighted the trading strategy. ( you can check that out here ).  We will be following similar path here. Rinse and repeat – sell near the resistance of 50 and...

WTI Crude Oil Trade Idea for 3/13/2015

Nothing has changed for the crude oil since we last updated our outlook and highlighted the trading strategy. ( you can check that out here ).  We will be following similar path here. Rinse and repeat – sell near the resistance of 50 and...

When fundamentals, sentiment and technicals, all pointing to the same direction, it becomes easy to trade. No surprise in guessing the pair as it’s quickly approaching to the parity ( and may be beyond ). EUR/USD can have bouts of enthusiasm as we got...

EUR/USD Short Trade Idea for 3/13/2015

When fundamentals, sentiment and technicals, all pointing to the same direction, it becomes easy to trade. No surprise in guessing the pair as it’s quickly approaching to the parity ( and may be beyond ). EUR/USD can have bouts of enthusiasm as we got...

NIFTY is in free fall after another RBI rate cut. When something reacts so negatively to the positive news is the sign of worry indeed. Thus the downward pressure is expected to remain intact. NIFTY has broken the upward trend-line on 3hr charts and...

NIFTY Trade Idea for 3/11/2015

NIFTY is in free fall after another RBI rate cut. When something reacts so negatively to the positive news is the sign of worry indeed. Thus the downward pressure is expected to remain intact. NIFTY has broken the upward trend-line on 3hr charts and...

ICICI Bank is quickly approaching the support near 318.  We would like to take a long at this level ( ~320) expecting a bounce from old support.  

ICICI Bank Trade Idea for 3/10/2015

ICICI Bank is quickly approaching the support near 318.  We would like to take a long at this level ( ~320) expecting a bounce from old support.  

SBI ( State Bank of India ) is hovering near the important support level of 270. Taking a quick long trade near 270/275 is worth in terms of risk-reward set up. Earlier in February, similar support near 290 served us well.    

SBI (State Bank of India) Trade Set Up for 3/10/2015

SBI ( State Bank of India ) is hovering near the important support level of 270. Taking a quick long trade near 270/275 is worth in terms of risk-reward set up. Earlier in February, similar support near 290 served us well.    

Forex

Australian dollar’s lack of ability to sustain any bounce above  0.7800 suggests that lower readings are coming sooner. But we have to be cautious not to get caught up in sideways trading range where aud/usd has stuck most of the February. So the strategy...

AUD/USD Short Trade Idea for 3/9/2015

Australian dollar’s lack of ability to sustain any bounce above  0.7800 suggests that lower readings are coming sooner. But we have to be cautious not to get caught up in sideways trading range where aud/usd has stuck most of the February. So the strategy...

Friday’s price action was another reminder that one should not trade during sensitive data release if not prepared with trade plan and ready for insane volatility.  Until the first Fed rate hike becomes reality, periods of consolidation followed by sharp drops will be the...

GOLD Trade Idea for 3/9/2015

Friday’s price action was another reminder that one should not trade during sensitive data release if not prepared with trade plan and ready for insane volatility.  Until the first Fed rate hike becomes reality, periods of consolidation followed by sharp drops will be the...

crude oil pump

WTI Crude Oil is toying with the lower limit of the range again. Friday’s Baker Hughes oil rig count fell to 1192 Vs prior 1267. Irony is even if rig count is decreasing, oil supply is still increasing. So the bias is still negative...

WTI Crude Oil Trade Idea for 3/9/2015

WTI Crude Oil is toying with the lower limit of the range again. Friday’s Baker Hughes oil rig count fell to 1192 Vs prior 1267. Irony is even if rig count is decreasing, oil supply is still increasing. So the bias is still negative...

Previously established range of 1200 / 1220 has worked out pretty well for last few sessions. Seems like now it’s time to refine the parameters. 1220 for short still remains intact but have to lower the entry near 1190. Check out our previous Gold...

GOLD Range Trade Idea for 3/3/2015

Previously established range of 1200 / 1220 has worked out pretty well for last few sessions. Seems like now it’s time to refine the parameters. 1220 for short still remains intact but have to lower the entry near 1190. Check out our previous Gold...

Crude Oil is stuck between rock and a hard place i.e. strong support and resistance zone of 48 / 52 for last few sessions. Again last week’s Baker Hughes rig count isn’t showing any significant drop ( down 43 rigs, 1267 from 1310), which...

WTI Crude Oil Trade Idea for 3/3/2015

Crude Oil is stuck between rock and a hard place i.e. strong support and resistance zone of 48 / 52 for last few sessions. Again last week’s Baker Hughes rig count isn’t showing any significant drop ( down 43 rigs, 1267 from 1310), which...