WEEKLY ANALYSIS AND TRADE SETUP- 23 APRIL 2017

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WEEKLY ANALYSIS AND TRADE SETUP- 23 APRIL 2017 Empty WEEKLY ANALYSIS AND TRADE SETUP- 23 APRIL 2017

Post by AVINASH on Sun Apr 23, 2017 8:59 pm

Aluminium fallen nicely from multi year highs as mentioned in previous analysis.

Currently trend on monthly is up with intact trend line. But on weekly, daily, and 240 min its sideways.

We expect some recovery in prices as short covering is started. We will start new trade on confirmation.

OI analysis is suggesting short covering.


Trend Analysis:

WEEKLY ANALYSIS AND TRADE SETUP- 23 APRIL 2017 Alu21


OI Data Analysis:

WEEKLY ANALYSIS AND TRADE SETUP- 23 APRIL 2017 Alu22


Trade Setup:

WEEKLY ANALYSIS AND TRADE SETUP- 23 APRIL 2017 Alu23
AVINASH
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