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WEEKLY ANALYSIS AND TRADE SETUP- 19 MARCH 2017

AVINASH TRADE DIARY :: ANALYSIS AND TRADE DIARY :: COPPER

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WEEKLY ANALYSIS AND TRADE SETUP- 19 MARCH 2017 Empty WEEKLY ANALYSIS AND TRADE SETUP- 19 MARCH 2017

Post by AVINASH Sun Mar 19, 2017 10:42 pm

As mentioned in last week analysis, that short covering may happen in weekly demand area, which is now reality.

Weekly demand area has gained the control, which resulted in hitting stop in aggressive short trade which was initiated earlier in copper.
Trend on monthly is up though weekly is not supporting. Also trend on daily is down with broken trend line.
On 240 min the trend has changed to up with new up trend line. Also supply area has removed, that’s why we have taken long position in copper.

OI analysis too suggesting of short covering which may lead us to 395, and if broken we may see 400.


Trend Analysis:
WEEKLY ANALYSIS AND TRADE SETUP- 19 MARCH 2017 Coper13



OI Data Analysis:
WEEKLY ANALYSIS AND TRADE SETUP- 19 MARCH 2017 Copr11



Trade Setup:

WEEKLY ANALYSIS AND TRADE SETUP- 19 MARCH 2017 Coper12
AVINASH
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