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Category Archives: Price action Technical analysis

Crude oil top or bottom

Crude Oil technical analysis | Necessity of Price retracements

By Trading Predator July 29th, 2016 No Comments

Over the week tables turned on the bulls, as crude oil started falling from beginning of the week. The optimistic spirit that gripped oil traders is dampening again. Though excess crude oil production is slowing down, Rising Inventories and revival in US drilling might increase the supply glut further. Technical analysis reveals that Oil fell

Gold price action (1)

Gold breakout resistance zone after FED Statement

By Trading Predator July 28th, 2016 No Comments

Gold broke out of resistance zone $1338 – $1334 after Federal Reserve left interest rates unchanged, though the FED hinted at the possibilities of rate hike in coming months. Comex gold for December delivery was recently up 0.9%. Price action spiked after FED eased the expectations of Rate hike. As I pointed out several times

Natural Gas Price action technical analysis

Natural Gas | Market trading in range – Storage glut in focus

By Trading Predator July 27th, 2016 No Comments

Price action of Natural gas is currently trading in a range bound structure between 2.795 and 2.625. Market retreated after testing two week highs with healthy supply still outweighing demand for gas-fired power. Natural gas traded most of the July on retreat, a storage glut, record high production has raised too many questions for long-term

USD-INR Price action analysis

USD/INR Technicals | Foreign investors driving the price action

By Trading Predator July 27th, 2016 No Comments

Price swings in USD/INR have dropped in fastest pace aftermath Brexit due to strong inflows into Indian assets. Foreigners are investing in Indian bonds and debt instruments because of strong monsoon which eased inflation expectations and India’s appeal as highest yield provider among major Asian Markets. 10 year government bonds attracted foreign inflows following Brexit

MCX Copper technical analysis

Copper | Prices rally since Hedge funds are betting on gains

By Trading Predator July 25th, 2016 No Comments

Hedge funds and other money managers have tripled their bets in Copper per CFTC reports. Price action made higher highs creating a technical markup phase which proves the validity of CFTC reports. Global economic outlook are way too diverged from Copper’s Market sentiment. Copper is an economic growth dependent metal – Instead of taking earlier