WEEKLY ANALYSIS AND TRADE SETUP- 12 MARCH 2017

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WEEKLY ANALYSIS AND TRADE SETUP- 12 MARCH 2017

Post by AVINASH on Sun Mar 12, 2017 6:09 pm

Last week analysis pointed out towards the sideways trend and no good zones to lean on, with OI analysis suggesting building of shorts in system.
However, the bias was long.But crude broken downside and falling continuously. Same is evident on daily and 240 min with clear downtrend. But monthly is UP with sideways trend on weekly.

But at present crude is in good demand area ranging from 3200 t0 3090, but its need further confirmation.

OI data is not supporting the long at present as its shows addition of short position.


Trend Analysis:




OI Data Analysis:




Trade Setup:

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