CRUDE INVENTORIES RISE BY 3.3 MILLION BARRELS ( DATA NEGATIVE FOR PRICE )
but expect downfall may be limited.
Crude unable to go above 6280 which clearly indicates that its a breakout level and a lot of SL will get triggered above it, this time unable to break it , and came down to 6240 levels but still its going to try to break the level 6280 in the coming sessions. If it breaks then 6325 will have every possible chance . But for now trading around 6235 levels , it gives an indication that a lot sell calls would have been generated by now ,also new short positions will be built by the retail investors. And as market have a good record of bluffing retail traders, it might go on to make a new high after some small downfall.
Avoid shorts from hereon , holding buyers keep sl of 6190
Cmp 6235
Gold and silver still not moving , but as per all the data and outlook shows positive signals.
Copper moving as per expectation made a new high of 446.25
Cmp 445.80
but expect downfall may be limited.
Crude unable to go above 6280 which clearly indicates that its a breakout level and a lot of SL will get triggered above it, this time unable to break it , and came down to 6240 levels but still its going to try to break the level 6280 in the coming sessions. If it breaks then 6325 will have every possible chance . But for now trading around 6235 levels , it gives an indication that a lot sell calls would have been generated by now ,also new short positions will be built by the retail investors. And as market have a good record of bluffing retail traders, it might go on to make a new high after some small downfall.
Avoid shorts from hereon , holding buyers keep sl of 6190
Cmp 6235
Gold and silver still not moving , but as per all the data and outlook shows positive signals.
Copper moving as per expectation made a new high of 446.25
Cmp 445.80
No comments:
Post a Comment