WEEKLY ANALYSIS AND TRADE SETUP- 16 APRIL 2017

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WEEKLY ANALYSIS AND TRADE SETUP- 16 APRIL 2017

Post by AVINASH on Sun Apr 16, 2017 11:56 pm

Previous weekly analysis pointed towards the bullishness but we have taken aggressive short trade which was stopped out.

Natural gas is in monthly up trend with up trend line but weekly is in sideways.
On daily trend is up but trend line broken. ON 240 min trend is up with uptrend.

Some resistance is expected around 210 odd after which we may see 220 level.

OI analysis is suggesting long unwinding.


Trend Analysis:




OI Data Analysis:




Trade Setup:

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