Novatek. October- November. Plan to doWeekly Novatek.
Uptrend, however slight changes in volumes.
RSI in overbought zone, but still no lower than 50, which is OK if its uptrend.
For me it was a test of psychological barrier of 1200.
O n Daily
RSI lower than 50
Convergnce with chart
No proper volumes
I exprect falling to Gann Level and Fibo 0.618 (Red Point)
4H
Here i analyze by Stochastic due to weakened trend.
Again I see divergence on stochastic, which makes lower low.
To recap with the usage of Gann waves 1/1 1/2 2
Surgut fallingWeekly
Flat, suppose to be long
Very strong old support on 24
Daily
Flat with slightly lowering price
Support on 26
4H
Downtrend, weak, assume low volumes.
All going to test 26 - psychological level
RSI convergnece down
Volumes bearish
1H
Since 22 of October power downtrend
RSI oversold. No higher than 50.
Stohastic also shown true oversold.
Seems it is a power trend which could brake 26.
On Gann price in downtrend, however successfully tested 1\1
30min and 15 min
Bearish bars hav
Bashneft - instruction to use. Short and get ready to test 2000Weekly.
high volatile during all chart
From the 2nd Half of 2016 Volumes increased.
Major uptrend started from August of 2017 after remarkable declining.
No Divergence on volumes = trend does not waste power completely.
No divergence on RSI.
Resistance level is unclear.
On RSI clear bullish trend. Did not cross level of 50 - confirmation of having power.
Above 100 SMA
Daily
The price approached level of 1720 - supportive, it has to be tested for breakdown after gap.
+ near SMA 100.
On RSI ,
Trading Novatek. Forecast on October and November of 2018Novatek.
WEEKLY
Uptrend, however slight changes in volumes.
RSI in overbought zone, but still no lower than 50, which is OK if its uptrend.
For me it was a test of psychological barrier of 1200.
Daily
RSI lower than 50
Convergnce with chart
No proper volumes to confirm trend continuation
I exprect falling to Gann Level and Fibo 0.618 (Red Point)
4H
Here i analyze by Stochastic due to weakened trend.
Again I see divergence on stochastic, which makes lower high.
Now the price work















