EURUSD Positional Trading Strategy - 29 May 2015

EURUSD is a buy @ 1.0915 Average if get 1.0886 for target 1.1080, Stops below 1.0832

Now @ 1.0972

$GBPJPY $GBPAUD all set for a nose dive?? Hell yeah!!

DAX Update - 26 May 2015

DAX fresh resistance & best short level 11780 - 11838 below 11722 target in focus 11640 - 11590 

Now @ 11740

GBP/JPY - British Pound Japanese Yen Trade Update - 25 May 2015

GBPJPY is a sell above 188 or @ 188.28, Average if get 188.48 for momentum target 187.48 - 187.28 & positional target 184.46, Strict stops @ 188.96

Now @ 187.96

Sell ‪GBPAUD‬ @ or if get 1.9788!!

Sell ‪ GBPAUD‬ @ or if get 1.9788 target 1.9708 - 1.9688, Average level 1.9806, Stops above 1.9818

Now @ 1.9768

US Dollar Index All set for 103? WTI Crude Oil Threatens 54!!

Sell EURUSD @ 1.1115 for target 1.1015, Now @ 1.1112

DAX once again got rejected @ 11893.50 vs prev week high 11893!! A double top formation??

Gold is a sell @ 1206 - 1208 target 1197 - 1191

Crude Oil - Positional Call

Sell Oil @ 60 for target 57.70 stops above 60.92

Now @ 59.94

DAX is a sell!!

Sell DAX @ 11820 average if get 11840 target 11732 - 11710 below 11780 

Now  @ 11805

GBPUSD Positional Call

Sell GBPUSD b/w 1.5608 - 1.5660 target 1.5360 - 1.5308

Now @ 1.5620

GOLD - XAUUSD Trading Range for the day - 21 May 2015

1191 <<====>> 1219

Now @ 1211

$GBPAUD All set for a nose dive! Bearish

WTI - Crude Oil Trade update - 19 May 2015

Buy WTIC @ 58.08 for momentum target 59 - 59.54 - 60.08, stops @ 57.70

Now @ 58.11

GBPUSD Trade Update - 19 May 2015

Sell GBPUSD @ 1.5530 Average @ 1.5582 target 1.5360

Now @ 1.5502

Brent Oil - 240 Mins bearish patterns descending Triangle & Triangle Emerging

Best Sell Level 65.90 - 66 Stops  66.20 Target in focus 64.86

Now @ 65.80

GBPJPY Intraday - Momentum call - 19 May 2015

GBPJPY Daily bearish trend to continue!!

Best sell & average level 187 - 187.32, below 186.68 downside capped @ 185.65 - 185.25 positional target capped @ 184 

Now @ 186.48

EURUSD Trade Update - 19 May 2015

EURUSD Remains a sell for the day as daily trend is firm bearish

Best Sell & Average level 1.1222 - 1.1238 average level @ 1.1262, Target in focus 1.1096 - 1.1056 - 1.0010

Now @ 1.1188

Sell XAGUSD - Silver @ 17.70 for target 17.06 - 17.0, Now @ 17.69

S&P 500 Futures - Jun 15 Weekly Outlook & Trading Levels - 18 May 2015

Best Buy & Support @ 2096, Resistance & best short level @ 2106.15, A break above 2116.30 upside target capped @ 2138 - 2146 - 2150, However a crack below 2085.80 downside target capped @ 2062 - 2052

Now @ 2117

240 Mins Bearish Pattern Emerging - Below 2116.30 it's 2106.15

Weekly - It's a buy on dips for the said target 2146

GBP/USD - British Pound US Dollar Weekly Outlook - 18 May 2015

GBPUSD 

Best Buy & support @ 5554, Resistance & best short level @ 5655 (Current supp), a break above 5756 upside target capped @ 5980 - 6080, However a crack below 5452 downside capped @ 5260 - 5228 - 5128

Now @ 5726

Daily Trend - Firm Bearish

Weekly Trend - Neutral 

Monthly Trend - Firm Bullish

Strategy: Early week its a sell for downside support or target later week its a buy as monthly technicals suggest there is still room for upside 

Gold - Silver - Copper - Crude Oil - Cotton - Coffee Positional Trading levels - 18 May 2015

The below levels are based on 3 weeks time frame price action

Gold - XAUUSD

Best Buy & support @ 1191 Resistance & best short level 1205.05, A break above  1219.10 upside capped @ 1233 - 1244 above that 1250 - 1264. However, a crack below 1176.95 downside capped @ 1165 - 1146 - 1132

Now @ 1223.60

Silver - XAGUSD

Best Buy & support @ 17 resis & best short level 17.22, A break above 17.62  upside target capped @ 18.22 - 18.62. However, a crack below 16.85 downside capped @ 15.24 - 14.85

Now @ 17.49

Copper - HG 

Best Buy & support @ 2.906, Resistance & best short level 2.925, a break above 2.950.10 Upside capped @ 2.986 - 3.006, However a Crack below 2.875 downside capped @ 2.845 - 2.825

Now @ 2.930

Crude Oil - WTI 

Best Buy & support @ 60, Resistance & best short level 60.88, A break above 61.76 upside target capped @ 64.28 - 65.32. However, a crack below 59.12 downside capped @ 56.45 - 55.40

Now @ 59.96

Coffee - KC

Best Buy & support @ 133, Resistance & best short level @ 135.36, A break above 137.72 upside target 143 - 145.40, However a crack below 129.64 downside capped @ 125.32 - 122.95

Now @ 138.80 

** Coffee Traders should follow 140.80 - 140.90  as Best short level, 142 Average level targeting 126 - 124 - 122**

Cotton - CT 

Best Buy & supp @ 66, Resistance & best short level @ 66.78, A break above 67.56 upside capped @ 69.48 - 70.32, However a crack below 65.22 downside capped @ 63.22 - 62.38

Now @ 66.59

Aurobindo Pharma - Near Term Trading Levels - 12 May 2015

Best Buy & support @ 910, Resistance & best short level @ 1109.50 (current supp) a break above 1309 upside target capped @ 1754 - 1954, However a crack below 710.5 it goes lower 

GBP/USD - Weekly Trading Levels - 11 May 2015

Best Buy & support @ 5254, Resistance & best short level @ 5358, A break above 5462 upside target capped @ 5566 - 5692, However a crack below 5150 downside capped @ 4920 - 4816

Now @ 1.5414

Trend - Weekly & Monthly Technicals suggests there is still some room left for upside

SPX - INDX - Futures - Weekly Trading Levels - 11 May 2015

SPX - INDX

Best buy & support @ 2086, Resistance & best short level @ 2097.70 (Current supp), A break above 2109.40 Upside capped @ 2134 - 2146. However, a crack below 2074 downside capped @ 2050 - 2038

S&P500 Futures

Best Buy & Supp @ 2079, Resistance & best short level @ 2092.80 (Current supp), A break above 2106.60 upside target capped @ 2138 - 2150, However a crack below 2065, Downside capped @ 2035 - 2022

Trading Tip for the week: If a Gap does not fill in the first hour & half of trading in the stock market it usually just keeps going in the direction of the gap.

SPX Gap before Break Out capped @ 2079 - 2086

Investors sold the most gold from bullion-backed funds in more than a week

Investors sold the most gold from bullion-backed funds in more than a week, while prices were steady before U.S. data forecast to show a pickup in the jobs market.

Holdings in exchange-traded products backed by gold fell by 2.6 metric tons, the most since April 27, to 1,625.3 tons, according to data compiled by Bloomberg as of Thursday. Assets in the funds are at the lowest in a week.

Economists surveyed by Bloomberg expect Labor Department data Friday to show employers hired 228,000 workers last month, up from 126,000 in March. An improving economy would give the Federal Reserve more room to raise interest rates this year. Higher borrowing costs curb gold’s appeal because the metal generally offers returns only through price gains.

China set to publish more key economic data on Wednesday, including industrial output and investment

Gold - Silver - Crude Oil - Weekly Trading Levels - 11 May 2015

Gold - XAUUSD 

Best Buy & supp @ 1185, Resistance & best short level @ 1190.60, A break above 1196.20 upside capped @ 1208 - 1213. However, a crack below 1179.40 downside capped @ 1168 - 1165 - 1162

Now @ 1187.15

Silver - XAGUSD

Best Buy & Supp @ 16, Resistance & best short level @ 16.52, A break above 16.70 upside capped @ 17 - 17.15, However below 15.88 downside target @  15.72 - 15.48

Now @ 16.44

Crude Oil - WTIC

Best buy & Supp @ 60, Resistance & best short level @ 60.88, a break above 61.76 upside target capped @ 64.28 - 65.32, However a crack below 57.75 downside capped @ 56.45 - 55.40

Now @ 59.42

Coffee Weekly Trend & Trading Levels - 10 May 2015

Coffee Best Buy & support @ 132, Resistance & best sell level @ 133.95, A break above 138 upside target capped @ 140.05 - 142. However, a crack below 129 downside target capped @ 126 - 124.05

Now @ 134.05

Daily Trend - Bullish

Weekly & Monthly Trend - Firm Bearish 

Strategy - As weekly & monthly trend is bearish and prices still have room for downside - Add sell positions @ 138 average @ 140, add more if get 142 for target 126 - 124

Sell $XAGUSD @ 16.48 Target 15.48 stops 16.78 $SI_F #SLV

Sell Gold @ 1191.80 target 1174 - 1170

Buy $CL_F @ 58.60 for target 60.22 stops below 58.10

Sell $GC_F $XAUUSD @ 1184 average level 1187.35 target in focus 1173.45 - 1170, stops - as per ur risk appetite

Buy Crude Oil @ 59.40 for momentum target 60.48, Now @ 59.42

GBPAUD Remains a sell for our Multibagger Target 1.87!!

Best Short level 1.9208 - 1.9280 Average level 1.9350 Target in focus as of now 1.8974 - 1.8902

Now @ 1.9105

Sell DJIA - DowJones @ 17892 Positional target 17592, Stops as per risk appetite

Sell CrudeOil @ 60.70 - 60.85 target 59.85, Now @ 60.63

FTSE is a sell @ 6998 - 7010 for target 6948 - 6936 below 6988

Gold Futures - Jun 15 Weekly Trading Levels

Best Buy & support @ 1186 (Curr resis), Actual Resistance & best short level @ 1197.15, A break above 1208.3 upside target 1232.60 - 1243.60, However a crack below 1177 downside capped @ 1150.60 - 1140

Now @ 1177.40

Daily Trend - Mild Bearish 

Weekly & Monthly Tape Suggests there is limited downside for gold, hence let's stick to our earlier target 1165 & wait for more confirmation for a northward journey

S&P 500 Futures - Jun 15 - Weekly Trading Levels - 04 May 2015

Best Buy & support @ 2089, Resistance & best short level @ 2100.85, A break above 2112.70 Upside target capped @ 2138.65 - 2150, However a crack below 2077.15 downside capped @ 2052 - 2040

Now @ 2101.65

Weekly Trend - Range Bound

Previous week SPX short Positions should be closed b/w 2089 - 2078 & wait for realtime trend confirmation

US Coffee Spot Daily & Monthly Trend - Firm Bearish!! 04 May 2015

Support & Best Buy for the week 137 (Current Resistance), Actual Resistance & best short level 139.8, a break above 142.6 Upside capped @ 148.2 - 150.80, However a Crack Below 134.20 downside capped @ 128.80 - 126.20

Now @ 134.4

Weekly Trend - Mild bearish 

The Monthly Charts which we are closely watching from some time has finally indicating initial signs of reversal  - The Slow Stochstics Has finally entered a bottoming phase

British pound volatility has increased as the UK election approaches. Open Interest on the May 8 expiry up to 59K

GBPUSD - AUDUSD - Intraday - Positional + Multi Bagger Call - 01 May 2015

Buy GBPUSD below 1.5126  for positional target 1.5226 - 1.5290. However, Multi Bagger Near Term target capped @ 1.5502 - 1.5566

Now @ 1.5128

Buy AUDUSD below 0.7820 - 0.7786, Average level 0.7746 for positional target 0.8186 - 0.8246

Now @ 0.7812

Sell XAGUSD OR SILVER @ 16.38!!

Sell XAGUSD OR SILVER @ 16.38 target 15.46 - 15.30 

Now @ 16.18

This is the target in focus of "16.74" sell call!!