#downtrend

Trend following is a trading strategy that aims to capitalize on the upward or downward trends in the market. By identifying and following these trends, traders can potentially increase their profits while minimizing risks. This strategy is grounded in the belief that prices move in trends and that these trends persist over time. Understanding the Basics What is Trend Following? It is a strategy…

Fibonacci trading is a popular forex trading strategy that utilizes the Fibonacci sequence and its ratios to predict potential price movements and retracement levels. This method helps traders identify entry and exit points, making it an essential tool in forex trading. Understanding Fibonacci Sequence The Fibonacci sequence is a series of numbers where each number is the sum of the two preceding…

Gold oversold RSI at 29.9 in sharp downtrend: Live levels

Butyl Cellosolve prices witnessed a sharp decline this week, continuing the correction trend seen over the past fortnight. The Hazira market is currently assessed at Rs 158.50/kg, reflecting a weekly drop of Rs 6.50/kg. Despite this recent fall, Indian Butyl Cellosolve prices remain above the levels recorded a month earlier, indicating partial resilience.

Over the past two weeks, the market has corrected significantly from Rs 196.00/kg, marking a steep decline of Rs 37.50/kg. This movement reflects profit booking after a strong upward rally. However, on a monthly basis, prices are still higher by Rs 12.50/kg from Rs 146.00/kg. Looking at the broader trend, the product has surged by Rs 71.50/kg over the past three months from Rs 87.00/kg, showcasing robust earlier gains. The sharp shift from the recent peak to current levels highlights volatility, while Butyl Cellosolve prices in India are now stabilising near defined support and resistance zones, Butyl Cellosolve, Butyl Cellosolve Prices, Downtrend, Post Peak Decline, Chemical Market, Market Weakness.

Read the full verified update on IndianPetrochem.com.

Polypropylene prices continued their downward trajectory this week, reflecting persistent pressure in the domestic market. Indian PP prices declined by Rs 6/kg to Rs 154/kg, marking a consistent fall compared to recent weeks and signaling cautious sentiment among buyers.

Over the past month, the market has corrected by Rs 19/kg, moving away from the recent peak of Rs 175/kg recorded three weeks ago. However, Indian PP prices still show strength in the medium term, with a gain of Rs 53/kg over the last three months from a low of Rs 101/kg. On a yearly basis, PP prices in India are up by Rs 56/kg, highlighting underlying volatility despite current weakness.

Market participants are closely tracking key levels around Rs 160/kg on the upside and Rs 150/kg on the downside. Stability above Rs 150/kg could provide short-term support, while any sustained movement lower may trigger further cautious buying, Polypropylene, PP Market, Downtrend, Price Decline, Petrochemicals, Market Weakness.

Read the full verified update on IndianPetrochem.com.

Epichlorohydrin saw a sharp weekly correction, reversing earlier strength and moving back toward its recent lower range. Indian Epichlorohydrin prices declined significantly, shifting the short-term market tone after a period of firmness.

The weekly fall of Rs 65/kg has brought prices back in line with levels seen a month ago, while the fortnight comparison also shows a clear downward move. Indian Epichlorohydrin prices had earlier climbed toward Rs 250/kg before retreating, indicating a wide trading band over the recent period. Epichlorohydrin prices in India are now positioned near the lower end of this band, suggesting stabilisation following the drop.

Over a broader view, the market has transitioned from higher volatility to more measured movement. Recent sessions show smaller fluctuations, pointing to a more stable phase after the sharp adjustment, Epichlorohydrin, Price Decline, Lower Levels, Downtrend, Chemical Market, Weak Momentum.

Read the full verified update on IndianPetrochem.com.

Summary Stocks formed a swing low on Thursday after closing below the 50 day moving average on Wednesday Day 12 peak suggests left-translated cycle remains a threat Bulls must reclaim and hold the 10 day moving average Failure to do so risks resuming the daily downtrend A close back under the 50 day moving average would trigger a cycle band sell signal Stocks broke bearishly out of…

Tether’s dominance in the cryptocurrency market has risen sharply, reaching its highest level since April, underscoring the risk aversion in the broader crypto market. Tether is the world’s largest dollar-pegged stablecoin, trading at a market capitalization of $184 billion at press time. While the stablecoin is widely used to fund crypto purchases and for lending and borrowing activities, it’s…