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crude oil pump

Glut of supply is not letting the crude rebound. Until that changes, strategy remains the same, i.e. Short the bounce. Next psychological target is $40. But have to be careful about the volatility and we would be patient to enter further shorts since it...

Crude Oil Trade Idea for 3/16/2015

Glut of supply is not letting the crude rebound. Until that changes, strategy remains the same, i.e. Short the bounce. Next psychological target is $40. But have to be careful about the volatility and we would be patient to enter further shorts since it...

Forex

Canadian Dollar’s fortune is tied to the Oil price and if oil puts to manage any sort of rebound today then USDCAD will most likely suffer a minor setback. In that case, we will be looking to get long near 1.2700. Better support comes...

USDCAD Long Trade Idea for 3/16/2015

Canadian Dollar’s fortune is tied to the Oil price and if oil puts to manage any sort of rebound today then USDCAD will most likely suffer a minor setback. In that case, we will be looking to get long near 1.2700. Better support comes...

If 18500 gives away then BankNIFTY is on the verge of free fall towards 17000.  Of course it’s not happening tomorrow but this is something to keep an eye on before getting long any bank stocks considering it cheap. NIFTY is highly correlated to...

BankNIFTY On the Cusp of Breakdown !

If 18500 gives away then BankNIFTY is on the verge of free fall towards 17000.  Of course it’s not happening tomorrow but this is something to keep an eye on before getting long any bank stocks considering it cheap. NIFTY is highly correlated to...

Again nothing fancy here. Trend is downward and we are just looking to get better entry again. Nearby resistance is around 1170. Looking to short gold near 1170 for quick trade.  Usual precautions apply and need to be nimble to take quick profits on...

Gold Short Set up for today – 3/13/2015

Again nothing fancy here. Trend is downward and we are just looking to get better entry again. Nearby resistance is around 1170. Looking to short gold near 1170 for quick trade.  Usual precautions apply and need to be nimble to take quick profits on...

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...