iCharts Discussions

[sherbaaz]

Attached is the chart of Crude Oil 15M of 02-03-2012 fall from high.

Again I have tried to align EW,SSPS and GANN. EWO oscillator showing bearish divergence at the high indicating that the up move of price was not supported by the momentum in some degree of W.5. Between the divergence EOW pulled back to zeroline indicating that USP was formed at the end of some degree of W.4.

Gann resistance @ 5398 proved to be strong resistance as it came at the end of W.5 (actual high in price was 5400).

A breakout of USP added fuel to the fall.

Regards,

[sherbaaz]

Attached is the chart of Nickel - 1M EOD.

Regds,

[sherbaaz]

In continuation to the below mentioned chart of NICKEL-1M eod, attached is the hourly chart of nickel mini it looks like we may get a buying opportunity.

[sethu45]

Yes Nickel is coming to buying opportunity. Last time it came to 943 and immediately went and closed above 950. But if it penetrates 943 can go further down by 30 rs. What is your opinion on thanks. Crude went down to 5322 and immediately jumped. As of now res stands at 5390-5407. Being an international commodity sometimes mcx is not allowing the scrips to scale high due to exchange rates etc in India.

are you suggesting to buy nickel at this rate.

[veerappan]

for nickel just come back after 981 closing basis then sl shd be 14 pts.. and target of 1030-1049-1088... if it closes below 926 then -888-842-778 also possible...

[sherbaaz]

[sethu45]

Dear Sherbaaz,

Thanks for your postings. Let us wait for good opportunity to buy. If any commodity getting crushed which means a good buying opportunity at lower levels. See Mr. Veerappan also gave some more good levels to buy as each commodity has got their own price and no commodity will be retained at lower price for ever. The oscilations are temporary. I will start buying if it comes at 930 and lower levels.

Dear Mr.Veerappan,

Nalla oru vazhi koduthu irukkeenga for buying nickel. Ungaloda lower level numberla ovvaru levelilum oru 5 lots vangalamnu irukken. mikka nandri vidadheenga nickelai.

Appuram andha mentaloil garseed ellam parandhu kittey irukku. Namba sagodara vanigargal kashtapadukirargal, konjam dayavu panni ulukki vidunga.

Nandri.

[sherbaaz]

In continuation to my below mail where i attached hourly charts of nickel mini.

On hourly price broke the last demand zone as shown on hourly chart in the below attached chart. It finally took support from where the trend on 15M had started.

It almost retraced to 99% of the W.1 or W.A.

Attached is the chart of of 15M of the night session dated 20-3-12. A good up move which could be W.3 OR W.C has started on 15M

Regds,

[sherbaaz]

Below is the chart of GOLD 1M EOD. It has entered in a significant supply zone.

Strong demand can only take out this zone. Good place to short.

Regds,

[umesh1]

Sherbazz Ji
I appreciate your identification of supply zone,best area to short as stoploss also near.monthly Gann levels were buy abv 29090 and sell belo 29020,use any correction in gold as buy only till akshaye trithiye is celebrated in Asia
Cheers
Umesh Jaggasia

[sherbaaz]

Crude oil hourly chart currently price is at imp demand zone. One can go long above the high of doji keeping sl below its low of can go long in lower time frame.

regds,

[sherbaaz]

[sherbaaz]

copper 4h chart looking good to go long. it looks lke that there is lots of buying happened around 400 level.

regds,

[jpr999]

thanks for your explanation its nice. while identifying demand and supply zones, i have two questions 1. out of several tops and bottoms available how u r picking a few from them 2. r u using any higher tome frames for identifying demand and supply zones?
thanks
jpr999

[sherbaaz]