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


US Soybeans Futures - Mar 13 (ZSH3)

WEEKLY 

BEST BUY & SUPPORT @ 1369 ACTUAL RESISTANCE & BEST SHORT LEVEL @ 1378.45 A BREAK ABOVE 1388 UPSIDE TARGET IS @ 1410/1420.20 HOWEVER A CRACK BELOW 1360 DOWNSIDE TGT IS @ 1336.60/1326.80

TREND : ALL WEEKLY INDICATORS ARE ON THE INITIAL BULLISH REVERSAL TREND ..BUT AS THE INDICATORS ARE IN INITIAL STAGE WE NEED TO CONSIDER THE MONTHLY INDICATORS AS IT PLAYS A MAJOR ROLE IN IDENTIFYING THE DIRECTION

AS PER THE MONTHLY TREND EXPLAINED ON CHARTS ..ALL MAJOR INDICATORS ARE HEADING STRAIGHT DOWNSIDE & HAS STILL GOT LOT OF ROOM FOR DOWNSIDE 

ACTUAL TREND : FIRM BEARISH WITH BULLISH STREAKS 

STRATEGY : SELL ON ALL RISES ABOVE 1388 & AVERAGE @ 1408 (IF GET)  FOR TARGET 1336 INTACT !

LTP - 1393.25



Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Blog Archive

Popular Posts