Looking to trade setups , using Technical Analysis as Main tool
Monday, October 18, 2010
LME Nickel Short term view
LME Nickel breaks the Medium term Trend Line with a Strong Gap Down , Intraday Fills back the Gap and The Support Becomes Strong Resistance and prices Reverse , If In Medium Term Nickel Fails to Cross 24300 lvls , Can On Downside correct till 22400 lvls or 21900
Wednesday, October 13, 2010
Gold Near Resistance Zone
Gold Near important Trend line Resistance in zone of of 1380-1387 $ ,
The Rsi is Extremely overbought and Showing Negative Divergence . This Resistance is Almost near physiological Resistance of 1400 $ ,
This even co-incised with wave counts of Major 3 -5th wave Extended , Suggesting we are Near top. Will Look for key Reversal Here Any time soon , Opening Downside targets till 1310--1265 $
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