Saturday 22 February 2014
Friday 21 February 2014
CRUDEOIL NYMEX and CRUDEOIL MCX Short Term View..!!
Technical Outlook:
Trading in a Classical Channel Pattern, On Daily Charts There is Stiff Resistance around 103.50$. Since its a Channel top and There is Resistance on Daily Charts, (i.e. Horizontal Resistance on daily chart and Channel Patter Resistance both Coincide) it would be feasible to take a Short Position in CRUDE OIL. Relative Strength Index looks overbought on 4 hourly charts and momentum Indicator is also Overbought. Its a confirmation for Selling. Hence We Recommend to Sell WTI CRUDE OIL till 103.50 (CMP: 102.80) keep an stop loss of 104.50 and Targets of 100 $. Risk and Reward Ratio is also favorable in taking short position.
For MCX CRUDE OIL According to International Markets We suggest Sell As after a bull run after a breakout above 6280 has seen no correction in the Rally. Hence We suggest short CRUDE OIL MCX with Stoploss of 6470 for Targets of 6320, Current Market Price 6413 (Closing of 20-Feb-2014)
If trades and Sustains above 104.50 $ Fresh buying may Resume, And Hence Stop loss of 104.50$ would be strongly recommended.
Economic Outlook:
Petroleum inventory data are little changed in the February 14 week with oil inventories up 1.0 million barrels to 362.3 million. Which Suggests Week Demand of Crude oil and Hence we may see some Correction in Prices of Crude oil.
Wednesday 12 February 2014
SILVER Bottomed Out....?? Its Time to Buy...??
Technical View:
(FOR INVESTORS and LONG TERM TRADERS)
Comments and Strategy:
SILVER COMEX after a hefty correction from 49$, Now SILVER is trading Near to 18$ - 20$. There seems to be Strong Accumulation in Silver before a fresh Rally towards Higher Levels from here.
Before a Rally it might be Possible that we see a trap breakdown. Silver COMEX bottom seem to be there.
Even Physical buyers and Investors can bet on SILVER and buy 50% quantity. Any major Correction will be just buying opportunity, buy Rest 50% quantity on a major dip around 16$ levels
Since November 2013 SILVER is trading in a Range of 2$ and Any Breakout after Such an long consolidation is always Bigger and better.
USD-INR can Correct from these Levels @62- 63 and Rupee can Head towards 55/ dollar in this year. Hence Keep a close watch on currency movement, Stronger Rupee may stop SILVER MCX to head towards Higher levels.
(FOR INVESTORS and LONG TERM TRADERS)
Comments and Strategy:
SILVER COMEX after a hefty correction from 49$, Now SILVER is trading Near to 18$ - 20$. There seems to be Strong Accumulation in Silver before a fresh Rally towards Higher Levels from here.
Before a Rally it might be Possible that we see a trap breakdown. Silver COMEX bottom seem to be there.
Even Physical buyers and Investors can bet on SILVER and buy 50% quantity. Any major Correction will be just buying opportunity, buy Rest 50% quantity on a major dip around 16$ levels
Since November 2013 SILVER is trading in a Range of 2$ and Any Breakout after Such an long consolidation is always Bigger and better.
USD-INR can Correct from these Levels @62- 63 and Rupee can Head towards 55/ dollar in this year. Hence Keep a close watch on currency movement, Stronger Rupee may stop SILVER MCX to head towards Higher levels.
Calls Success by Profit Play
Here We are:
Calls with Good Risk and Reward Ratios, Which can mint Money, Our Main Focus is on Profits not just Accuracy. Just Have a look on our Past Predictions:
1. NATURAL GAS NYMEX (11-DEC-2014) Click here to see NG call
2. CRUDEOIL NYMEX (18-JAN-2014) Click here to See Crudeoil Call
3. GOLD COMEX (18-JAN-2014) Click here to See GOLD Comex Call
Calls with Good Risk and Reward Ratios, Which can mint Money, Our Main Focus is on Profits not just Accuracy. Just Have a look on our Past Predictions:
1. NATURAL GAS NYMEX (11-DEC-2014) Click here to see NG call
2. CRUDEOIL NYMEX (18-JAN-2014) Click here to See Crudeoil Call
3. GOLD COMEX (18-JAN-2014) Click here to See GOLD Comex Call
Saturday 18 January 2014
CRUDEOIL NYMEX weekly Outlook (20-Jan-2014)
CRUDEOIL NYMEX
View:
Trading Near to very Crucial Levels @91$, Strong weekly
Support lies @91$ and a Sharp bonce back has been seen in Crude-oil from those
levels. We have a Positive outlook on Crude-oil till it sustains above 91$.
Short Position Can be initiate only below 90$ Hence we Recommend to Go long on
CRUDE-OIL on Current levels and buy till 91.50$ with Stop-loss below 90.50$ As Risk
and Reward ratio on Going long is high. Reverse Long Position if break 90$ and
Closes below it on 4 hourly charts.
1.
Buy CRUDE-OIL till 92$ For Targets 100$ with
Stop-loss of 90.50$
2.
Sell CRUDE-OIL below 90$ for Targets of 86$ and
Stop-loss of 93$