Iron ore has broken the main trendline of years... so for moment... we can see Iron future quite bad
#Sgx Nifty taking support at multiple retest levels. Shorting only if price action confirms a short trade. Watch levels in Nifty at opening
Hello Traders, caused by today’s holiday, the Future is again at focus! Yesterday, I wrote markets have risen too far, too fast! Today, the consequence was visible. Market declined sharply, as I wrote before. The decline just stopped exactly at the 0.618 Retracement and bounced to the upside. A perfect long setup? To become waves c=a price need to correct down...
After giving a huge bull rally in the last session global markets opened gap down & closed at the day low....This whole scenario leaded sgx nifty to trade downside.....Now the call sellers are completely ready to short 18000 level....so till 17250 it might get dragged....Range is quite broad.....18000 to 17250...
SGX NIFTY IMPORTANT LEVEL BREAK 17240 LEVEL correction possible ..............................
Oil & Gas play on Singapore Counters can be very profitable, especially for counter whos price is slightly above 0.200. Each "tick" is 0.005, which translates to a higher percentage return per tick. Even a short rally to 0.330 from 0.260 is a 27% rally. Hence, ROI-wise, this is a more profitable play compared to say, Keppel Corp. 0.220 is strong support....
Hello Traders, NIFTY50 tumbled down after hours, caused by the speech of Jerome Powell, the FED chairman. His words have shown dramatic impacts to markets all over the globe. In consequence, N50, DOW, NDX; FDAX and others extend their declines, You, as my valued subscibers, have been prepared for this phase of the market! The Future tumbled down to 17444 on a...
SGX NIFTY is a precursor to the nifty 50 index. Fall in this index will eventually reflect on Monday on nifty 50. expecting a decline in nifty 50. All the best.
Bullish - IHS - Broke downward trend line - Funds accumulating - Healthy fundamentals - Broke neckline Entry idea - For members Stop loss depending on entry and risk appetite. But always set meaningful stops. "All great achievements required time.” Cheers and happy trading!
Target to reach at Low BB at W1 with USD 142.00 KG Dry price for October Sales. Strong Shooting Star from seller makes a continuation Candle Stick to break support at D1 and as closing today it was at USD 143.70
ENTRY: 0.99 SL: 0.93 TP1: 1.02 TP2: 1.07 - ADX>20 - Daily RS -ve - Daily FFI +ve - Weekly RS +ve - Weekly FFI +ve - Moving averages are aligned. - Triangle pattern with buyers-in-control. - Narrow price range leading up to today's breakout with volume. - Entry today based on breakout and >3% rebound off 10EMA with volume
The rubber price affects by the whole downtrend in the market. Rubber October price moving toward 140 if the gold continue to drop down. This week Jackson Hole; a Speech by FED Jerome Powell will be the direction on the moving continue upwards or downward.
Wilmar, the big cap (at least by Singapore's standard) agriculture/soft commodity counter on SGX. This is the only option you have on SGX unless you want exposure to the more manipulated or less diversified businesses like IndoAgri, Bumitama Agri, Golden Agri, etc... Yet, compared to its US counterparts like Archer Daniel Midland or Bunge Limited, Wilmar is...
Same Pattern again and again. Precisely after a bear trap looks like we are going for another leg down towards 14662 and a more extend could lead to 13700 levels that's below 14000. Blomberg on the other hand reported that there is 0% chance that India slips into the Recession. May be but the chart says a different story. Technical lags Fundamentals...
Check out my #SGX Chart analysis on 15min time frame
There was minor overshoot of the trendline that was reversed today Its possible that nifty/ SGX nifty topped out. longs should be very cautious here. Accelerated decline is the more likely outcome
The index gave bearish sign on weekly chart On weekly time frame formed a shooting star candle which is a bearish candle near resistance. Profit booking at higher level is needed for further move. Closing above 18050 will reject down move.