23/07/2016, crude bull bear power
crude daily chart, 23rd july, saturday.
Today is holiday for all exchanges, this is the chance for every trader to do homework. Today I selected bull & Bear power indicator tool. Look deeply @ black circles & you will find that when this bear power yellow color enter below 0 or minus area we get indication of future down trend and that is before the price actually move down in big way. Same thing is about the Bull power indicator.
For example, count the last 12 candles in attached daily crude chart. Look vertically down to bear power indicator, it is placed below 0, near around - 20. You will come to conclusion that bear power gave us clear indication of fall around Rs 3200 price level before actually fall starts in big way.
You can use it in your daily trading for intraday purpose also.
Important link --- fundamental & demand supply
According to market experts, elevated stocks of fuel products amid slowing global demand growth is expected to keep prices under pressure in the near-term....... http://www.investing.com/news/commodities-news/crude-oil-futures---weekly-outlook:-july-25---29-416227
Update - 1, 25/07/2016
crude hourly chart,
We are in good profits now. Use trailing sl method to protect your profits, trail the sl in profits only. There are no chances that crude will return in to bullish zone. Any rally will be short lived. Use it to enter in short position.
Look @ the attached chart. Bear power indicator is in full form. Enjoy profits with trailing sl method.
where to find the bull & bear power indicator, what is the future of crude in 14 days
ReplyDeletego to http://in.investing.com/charts/real-time-futures-charts , then click on studies, then click on system manager & you will get all indicators there. For fibo & gann , you can visit fxempire real time chart and you can get these indicators there.
Deletefor next few days, i m bearish now. If inventory will come positive, then the rise should be used for sell only is my view @ this point. But big terrorist attacks or war like situation can make all the mkt trend volatile
Deletehttp://www.fxempire.com/charts/live-commodities-charts for fibo & gann tools. enjoy.
DeleteEntry and exit to be decided on what timeframe
ReplyDeleteHere, i gave example of crude chart daily. But you can use it on hourly chart for intraday purpose. I suggest to use 1 dma, 2 dma, 5 dma with this. This can give you better indication of trend for intra.
DeleteThankyou so much for sharing this information with us.
ReplyDeleteGold verkaufen
Goldberlin