Little targetTarget 148
Stop Loss 145
*Disclaimer : I just shared my view. Please trade with your own and comfortable views.
LUPK2020 trade ideas
R-0120 Commodity Future Buy LEAD AUG @150.05-150.2 SL 149.40 TIntraday Commodity Future Buy LEAD AUG @150.05-150.2 SL 149.40 TGT 151.40
Above VWAP + MACD cross over + TK like cross over => bullish signal
R-0076 Commodity Future Sell LEAD JUL @147.55-147.65 SL 148.80Intraday Commodity Future Sell LEAD JUL @147.55-147.65 SL 148.80 TGT 145.40
TK cross over on bearish side and MACD cross over followed by good volume so sell for the intraday.
Lead-Trend line breakout strategyTrend line 4th touch trying to breakout (Waiting for the breakout to ensure the sell call)
LEAD intraday for 18th MayLong and short levels for intraday shown...strict sl of .45 points for each entry.
Intraday strategy for leadIf price opens around 130 levels it should respect 14th May Trend and one can long around 130.2 for target 131.3...sl 129.5...if price already reached 132 in mrng it's a good zone to sell as it completes last night's uptrend and good to short at 132...ultimate target 128.4...if price starts at 131.2 wait to see if price it is a good to short zone as well...
Entries would be from
Long 130.2 tgt 131.2
Short 132 tgt 130.2 , 128.4
Short 131.2 tgt 130.2 , 128.4
Short 129.4 tgt 128.4
Lead - Inverse H&S - Big tradeLooks like an inverse H&S with $2400 neckline to complete. This has been tested a couple of times so far and failed but looks once again to be pushing up towards the level this morning.
If we get a breakout and confirmation above the neckline then expect a move up to at least the prior high at $2500, whilst the extension of the neckline actually completes close to $2800.
