Tuesday, May 30, 2017

30 - May - 2017



Market Commentary

9:48 AM: DO below yesterday closing range, but price managed to spike above BRN and sustaining now. Will wait for range formation for further clues

10:25 AM: With increased volumes, price broke PDC and BRN, let’s see PA at DL.

10:38 AM: Ignored BPB short of BRN signal as DL is just 10 point away;

11:16 AM: Removed PDC and BRN DP’s as they lost relevance after price traversing up and down through…will look to fade range 9624-9584, if low risk setup emerges.


15:10 PM: Price broke narrow range too late; not having any conviction to trade now.

No comments:

Post a Comment