WEEKLY ANALYSIS AND TRADE SETUP- 2 APRIL 2017

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WEEKLY ANALYSIS AND TRADE SETUP- 2 APRIL 2017

Post by AVINASH on Sun Apr 02, 2017 2:09 pm

Last weekly analysis pointed towards the holding of good demand area.
Though this demand area is broken, but no closed of daily candle below  demand area suggested some bullishness and we have planned long trade last week.
But we not got fill in this trade and prices zooming.

Now trend in crude is monthly up, weekly and daily sideways with broken trend lines and up on 240 min.

We will enter on retracement around 3175 with stop below 3060 for target of 3500 where some resistance is expected.

OI analysis suggesting huge short covering which moving prices up.


Trend Analysis:




OI Data Analysis:




Trade Setup:

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AVINASH
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