Disclaimer: Ours is an advisory role. The final decision and consequences based on our information is solely yours. Moreover, in keeping with regulatory guidelines, we do not guarantee any returns on investments. Prospective investors and others are cautioned forward-looking statements/predictions and may be subject to change without notice.

Translate

Monday, January 14, 2013

US CORN TREND & TRADING LEVELS FOR THE WEEK AHEAD : 14 JAN 2013


US Corn Futures - Mar 13 (ZCH3)

 

WEEKLY 

BEST BUY & SUPPORT @ 695 ACTUAL RESISTANCE & BEST SHORT LEVEL @ 706.10 A BREAK ABOVE 717.20 UPSIDE TARGET IS @ 740.60/751.35 HOWEVER A CRACK BELOW 684 DOWNSIDE TGT IS @ 660.80/650.15

TREND : ALL WEEKLY & MONTHLY INDICATORS ARE SHOWING SIGNS OF UPMOVE , EXCEPT MONTHYL CCI WHICH IS STILL GIVING A BEARISH SIGNAL...AS ALL THE MAJORITY OF INDICATORS ARE MOVING UPSIDE , CCI CANNOT STRUGGLE RATHER GIVE UP AND CHANGE ITS COURCE FOR UPSIDE

TREND : FIRM BULLISH

STRATEGY : AS PRICES ARE TRADING @ 722 TRADERS CAN TAKE A SELL FOR TGT 706 & AGAIN BUY IF GET 695 FOR UPSIDE TGT 740

LTP - 722.68

Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Blog Archive

Popular Posts