SUMMARY: ROMPETROL RAFINARE WEEKLY (RRC). Prices reach primary multi year resistances. PETROM DAILY (SNP). Prices turn lower from the open gap. OIL TERMINAL WEEKLY (OIL). Intermediate Moving average crossover remains positive. OLTCHIM DAILY (OLT). The sideways formation continues. TRANSGAZ DAILY (TGN). RSI momentum is negative, suggesting the supply pressure is still running. TRANSELECTRICA WEEKLY (TEL). […]
This might look like a learning curve, but it’s an arbitrage curve for me. Pair trading in Indian markets is an exciting experience. Even as early as 2000 I remember working on cash-futures, futures-futures arbitrate sheets on the BRIDGE TERMINAL at the 24 floor of the Bombay Stock Exchange, teaching brokers how to execute riskless […]
SUMMARY: ROMPETROL RAFINARE WEEKLY (RRC). Prices reach primary multi year resistances. PETROM DAILY (SNP). Prices turn lower from the open gap. OIL TERMINAL WEEKLY (OIL). Intermediate Moving average crossover remains positive. OLTCHIM DAILY (OLT). The sideways formation continues. TRANSGAZ DAILY (TGN). RSI momentum is negative, suggesting the supply pressure is still running. TRANSELECTRICA WEEKLY (TEL). […]
SUMMARY: OIL AND NATURAL GAS WEEKLY (ONGC) Time cycles suggest a topping near current levels. RELIANCE ENERGY WEEKLY (RLIN) Weekly ROC suggests further negativity from current levels. Gap targets lie at 850 levels. AMBUJA WEEKLY (RLIN) Time oscillators suggest further supply pressure. A breaking of true trendline supports would confirm our view. HINDALCO WEEKLY (HALC) […]
This is what we said on 13 Jul Gold prices have pushed into key 900 zones for Gold. Now that intermediate cycles (SLIDE 5) have turned up, Gold should be nearing a minor bottom soon. Sub 900, prices can push lower till 870-850 completing a flat formation. The recommendation remains down but bottoming. This is […]
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Login for orpheus.asia member’s area here. WAVES.ROM is a perspective product published on TUESDAY’S and THURSDAY’S. The report highlights Romanian Stock Market top three Equity Indices viz. the top ten blue chip BET Index (.BETI), BET Composite (.BETC), the Financial Index BETFI (.BETFI) and the local currency RON (EURRON=, RON=). The products covers the top ten […]
The Head and Shoulder and its neckline has been in discussion the last few days. But the pattern at the heart of the debate is the intermediate multi month formation SENSEX is churning since MAY. In our concentration on short term price action, we seem to have forgotten that there is a larger time above […]
This might look like a learning curve, but it’s an arbitrage curve for me. Pair trading in Indian markets is an exciting experience. Even as early as 2000 I remember working on cash-futures, futures-futures arbitrate sheets on the BRIDGE TERMINAL at the 24 floor of the Bombay Stock Exchange, teaching brokers how to execute riskless […]
SUMMARY: ELECTROPUTERE DAILY (EPT). Prices push down in a corrective till key supports at 0.618 FIB near 0.11. We expect prices to hold respective supports. (HELD). COMPA DAILY (CMP). Prices gap up above moving average. Minor trend is positive. This could be a reversal in trend. ARMATURA DAILY (ARM). Prices continue to move in a […]