MCX Gold Technical Analysis

Bursting Setup – MCX Gold

This is a recent breakout example of MCX Gold. The breakout came into effect after the formation of The Bursting Setup, a breakout technique developed by The Financial Doctors. 

This is the recent example for MCX Gold-

MCX Gold - 15 Minutes

It broke the Upper Price Wall of 29365 and it has already given 300 points in Intraday in MCX Gold. Prices consolidated. Price Pattern was acceptable. Volume Pattern was acceptable. Lets see where it takes Gold from here on.

Trading Setup Tutorials : "The Sandwich Trade Setup"

The Sandwich Trade Setup

The sandwich trade is made up of multiple candles and involves an engulfing bar. It forms by the market going up or down sharply and then having multiple small bars follow it. After those small bars a bigger bar engulfs the previous small bars. This essentially forms a sandwich and you will get a better idea of what it looks like.

It can act as a reversal signal or a continuation signal depending on whether the 2nd big bar is bullish or bearish.

What a Sandwich Trade Looks Like

The diagram below shows a bullish sandwich trade, notice how the price drops sharply down then it is followed by a couple small bars. Then an engulfing bar consumes all of the small bars since the sharp price drop. This is a simple example of a sandwich trade.

MCX Lead Technical Analysis

Bursting Setup – MCX Lead

Recently we witnessed a massive breakout in MCX Lead after the formation of The Bursting Setup, a breakout technique developed by The Financial Doctors.

MCX Lead  - 60 Minutes

MCX Lead has already given a breakout of nearly 7 points after breaking the Lower Price Wall of 124. Prices consolidated. Price Pattern was acceptable. Volume Pattern was acceptable. Lets see how it goes.

For Intraday & Positional Tutorial Calls and Detailed Technical Support, Ask The Financial Doctor

S&P Futures Technical Analysis

Bursting Setup – S&P Futures

Earlier in the day we have seen a Major Breakout in S&P Futures after the formation of The Bursting Setup, a breakout technique developed by The Financial Doctors.

This is a live example for S&P Futures-

S&P Futures - 240 Minutes

S&P Futures has already given this breakout of nearly 25 points in Intraday after breaking the Upper Price Wall of 1897 followed by a Bull Flag to the upside with an estimated target of 1950-1960 Area. Prices consolidated. Price Pattern was acceptable. Volume Pattern was acceptable. Lets see how it goes.

For Intraday & Positional Tutorial Calls and Detailed Technical Support, Ask The Financial Doctor

DOW Technical Analysis

Bursting Setup – DJI (Dow)

Earlier in the day we have seen a Major Breakout after the formation of The Bursting Setup in MCX Gold 11February 2016. This is yet another live example in DOW Futures. The Bursting Setup is a breakout technique developed by The Financial Doctors.

This is a live example for DOW Futures (DJI)-

DOW Futures - 240 Minutes

DOW has already given this breakout of nearly 250 points in Intraday after breaking the Lower Price Wall of 15729. Prices consolidated. Price Pattern was acceptable. Volume Pattern was acceptable. Lets see how it goes.

For Intraday & Positional Tutorial Calls and Detailed Technical Support, Ask The Financial Doctor

MCX Gold Technical Analysis

Bursting Setup – MCX Gold

The previous day we discussed about The Bursting Setup formation in 120 Minutes NYMEX CrudeOil Chart 10 February 2016.

Today we witnessed the breaching of Upper Price Wall in MCX Gold of 28527 which is also the high of Bull Flag. Now its possible that we can see 29000-29300 level soon

MCX Gold - 240 Minutes

Price Pattern is acceptable. Volume Pattern is acceptable. It should start its breakout mode anytime. Lets see how it goes.

For Intraday & Positional Tutorial Calls and Detailed Technical Support, Ask The Financial Doctor

NYMEX CrudeOil Technical Analysis

Bursting Setup – NYMEX & MCX CrudeOil

After yesterday's breakout in NYMEX CrudeOil 120 Minutes, this is yet another live breakout example of MCX CrudeOil followed by the breakout in NYMEX CrudeOil. The breakout came into effect after the formation of The Bursting Setup, a breakout technique developed by The Financial Doctors.

This is the live example for MCX CrudeOil-

MCX CrudeOil - 15 Minutes

It broke the Lower Price Wall of 1924. Prices consolidated. Price Pattern was acceptable. Volume Pattern was acceptable. It has already given '30 points. Interestingly it is hovering over a Lower Price Wall of “$27.72” in NYMEX CrudeOil.

NYMEX CrudeOil Technical Analysis

Bursting Setup – NYMEX CrudeOil

This is a live breakout example of NYMEX CrudeOil followed by the breakout in MCX CrudeOil. The breakout came into effect after the formation of The Bursting Setup, a breakout technique developed by The Financial Doctors.

This is the live example for NYMEX CrudeOil-

NYMEX CrudeOil - 120 Minutes

It broke the Lower Price Wall of ‘$29.57’. Prices consolidated. Price Pattern was acceptable. Volume Pattern was acceptable. It already has given '$1.50' followed by some important support on the downside. Interesting to see where it takes CrudeOil from here on.

MCX Gold Technical Analysis

Bursting Setup – MCX Gold

Earlier this day we discussed about The Bursting Setup formation in 60 Minutes MCX CrudeOil Chart 8 February 2016. And now we are here with yet another success story in MCX Gold.

This is a recent example for MCX Gold-

MCX Gold - 15 Minutes

MCX Gold gave this breakout of nearly 350 points in Intraday after breaking the Upper Price Wall of 28041.

For Intraday & Positional Tutorial Calls and Detailed Technical Support, Ask The Financial Doctor

MCX CrudeOil Technical Analysis

Bursting Setup – MCX CrudeOil

This is a live breakout example of MCX CrudeOil. The breakout should come into effect after breaking the Lower Price Wall of The Bursting Setup, a breakout technique developed by The Financial Doctors.

This is the live example for MCX CrudeOil-

MCX CrudeOil - 60 Minutes

If it breaks the Lower Price Wall of 2107, it should come into breakout mode. Prices are consolidating. Price Pattern is acceptable. Volume Pattern is acceptable.

Also an important point to consider is, a Strong Support Area 2070 – 2090 is just under this level. So this area may act as a reverse point for MCX CrudeOil. Lets see what happens.

For Intraday & Positional Tutorial Calls and Detailed Technical Support, Ask The Financial Doctor.

DOW Technical Analysis

Bursting Setup – DJI (Dow)

Earlier this week we discussed Indian Futures examples of CIPLA & ACC showing the effect of The Bursting Setup, a breakout technique developed by The Financial Doctors. In the coming days we will see its effect in various Stock Markets and Index around the world.

This is a recent example for DOW 30 (DJI)-

Dow - 15 Minutes

DOW gave this breakout of nearly 250 points in Intraday after breaking the Lower Price Wall of 16325.

For Intraday & Positional Tutorial Calls and Detailed Technical Support, Ask The Financial Doctor

COMEX Gold Technical Analysis

Bursting Setup – COMEX Gold

This is a live breakout example of COMEX Gold followed by the breakout in MCX Gold. The breakout came into effect after the formation of The Bursting Setup, a breakout technique developed by The Financial Doctors.

This is the live example for COMEX Gold-

COMEX Gold - 15 Minutes

It broke the Upper Price Wall of ‘$1133.4’. Prices consolidated. Price Pattern was acceptable. Volume Pattern was acceptable. Lets see where it takes Gold from here on.

Futures Stock Technical Analysis

Bursting Setup – CIPLA & ACC

Till now we have witnessed many commodity market examples of The Bursting Setup, a breakout technique developed by The Financial Doctors. In the coming days we will see its effect in Indian Stock Markets.

This is a recent example for CIPLA -

CIPLA - 15 Minutes

Cipla gave a breakout of 25 points in Intraday after breaking the Lower Price Wall of 589.15

MCX CrudeOil & Silver Technical Analysis

Bursting Setup - CrudeOil & Silver

Earlier this week we discussed about The Bursting Setup, a breakout technique developed by The Financial Doctors. And we promised to come up with some more trade examples in Real Markets.

This is a recent example for MCX CrudeOil -

MCX CrudeOil - 15 Minutes

MCX CrudeOil gave this breakout of nearly 100 points in Intraday after breaking the Upper Price Wall of 2242.

MCX Gold Technical Analysis

Bursting Setup - Gold

The previous day we discussed about The Bursting Setup formation in 60 Minutes MCX Gold Chart 27 January 2016.

Today we witnessed the breaching of 26809 level. But from the Intraday point of view, it is important for MCX Gold to breach today's High of 26867 which is also the high of Bull Flag. Now if it triggers 26867, we can see the level of 27200 by tomorrow.

MCX Gold - 60 Minutes

The setup seems to be ready followed by a BULL FLAG on the upside. Prices are consolidating. Price Pattern is acceptable. Volume Pattern is acceptable. If MCX Gold Crosses 26867 to the upside, it’ll get into breakout mode. Lets see how it goes.

For Intraday & Positional Tutorial Calls and Detailed Technical Support, Ask The Financial Doctor

MCX Gold Technical Analysis

Bursting Setup - Gold

Recently we witnessed The Bursting Setup breakout in MCX Gold which occurred for a major 350-400 points as accordance with 60 Minutes MCX Gold Chart 25 January 2016.

We are witnessing yet another Bursting Setup ready for the breakout in MCX Gold.

This is the live example for MCX Gold-

MCX Gold – 60 Minutes

The setup seems to be ready.  Prices are consolidating. Price Pattern is acceptable. Volume Pattern is acceptable. If MCX Gold Crosses 26809 to the upside, it’ll get into breakout mode. Lets see how it goes.

For Intraday & Positional Tutorial Calls and Detailed Technical Support, Ask The Financial Doctor.

MCX Gold Technical Analysis

Bursting Setup - Gold

Earlier this week we discussed about The Bursting Setup, a BreakOut Technique developed by The Financial Doctors.

This is the live example for MCX Gold-

MCX Gold – 60 Minutes

The setup seems to be ready. Prices are consolidating. Price Pattern is acceptable. Volume Pattern is acceptable. Lets see how it goes.

For Intraday & Positional Tutorial Calls and Detailed Technical Support, Ask The Financial Doctor.

Technical Research | Bursting Setup

Bursting Setup

"The Breakout Technique”

Every day, as a trader, we notice certain events in the market, when stock or commodity prices suddenly Burst Away in certain direction after breaking a certain price level.

MCX CrudeOil – 15 Minutes

No matter how many colourful technical indicators we use, 9 out of 10 times we miss this one-side heavy fluctuation. No matter how many hours we invest throughout the day in technical analysis and reading markets, but we often end up with Early Exits or Stop Loss. This is a common issue for every investor in the markets.

Trending Story- 2016

Gig Economy - A Trending Trend

When Jeb Bush summoned a car from Uber, using the ride-hailing app to take him to Thumbtack, a consumer-service technology company, more than a dozen reporters packed around as he exited the vehicle.

This was, after all, no ordinary Uber ride. The car that Mr. Bush hailed was a symbolic gambit on his part to highlight the on-demand economy or the "gig economy".  Also Hilary Clinton, came up with her support but in more of cautious manner. In a speech laying out her economic plan, she said:

“This on-demand, or so-called gig economy is creating exciting economies and unleashing innovation. But it is also raising hard questions about workplace protections and what a good job will look like in the future.”

The Financial Doctors Technical Analysis: CrudeOil

CrudeOil: Make Or Break 

"This Month Decides The Fortune”

Should auld markets be forgot and never brought to mind? Should auld markets be forgot and auld lang sine?

Not on you life! Oil put in its second back-to-back losing years since the eighties but perhaps its time to remember what happened the year after that first loser! The last time oil put back to back losing years in in 1997 and 1998, the following year of 1999 gave a historic comeback and cemented a bottom in oil prices for a generation. After falling over 30% in 1997 and 1998, in 1999 the oil market rebounded almost 107%! And this year, crude oil is getting ready to party like its 1999.

CrudeOil (Weekly)