Buy Crude Oil – Book profits at 89.70

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Buy Crude Oil – Book profits at 89.70

Posted on: November 19th, 2012 at 10:40 am

Technically above 86 looks good. One can enter at cmp: 87.75. It can head upto 90-90.50 levels in near term. Has strong support near the 85-86 levels. – (Book profits at 89.70)

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78 Responses

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cerulean Says:
November 21st, 2012
Posted at: 10:59 pm
Hi SM, ok....I wish there more here participating , they could learn a lot about charts.. THANKS A LOT:]
Also this happens only with NG .. either it shoots up or falls .. I have done a few trades exactly at inventory .. and usually place a cover in advance, lower by a re or more ..it gets taken in a jiffy , if in the right trade ..if not sl hits equally fast....
SM Says:
November 21st, 2012
Posted at: 11:01 pm
Hi cerulean, you are welcome. but trading at inventory is too risky, good that you place a cover :]
SM Says:
November 21st, 2012
Posted at: 11:04 pm
Hi cerulean, go to moneycontrol commodities page. scroll down to strategies and updates on the left side. click on copper technical report by dani commodities. have a look
cerulean Says:
November 21st, 2012
Posted at: 11:05 pm
Hi SM, NIce one ... thanks ..
According to chart it is a buy is it?... But according to the excess production and due to china .. it is not perhaps..
SM Says:
November 21st, 2012
Posted at: 11:07 pm
Hi cerulean, very cleverly written by dani... both ways... but I am concerned only about charts :P
cerulean Says:
November 21st, 2012
Posted at: 11:09 pm
Hi SM, yes it is .. But I had made more gains than loss on that day.. Now i have stopped..
You may check it out on paper .. on the dot of time or 5mnts before we have to sell or buy ..I usually sell.. even if the report is good ..it falls by a re suddenly .. before it springs back..hence it is usually safe to book small profit of say 1 re , it will be taken ..
cerulean Says:
November 21st, 2012
Posted at: 11:12 pm
Hi SM, But as you say it is highly risky .. ..I haven't done similar .. after a loss..:P
SM Says:
November 21st, 2012
Posted at: 11:12 pm
Hi cerulean, hmmm... good
cerulean Says:
November 21st, 2012
Posted at: 11:15 pm
Bank of England Financial Policy Committee Meeting...must be on... the result is reflecting on crude ..
cerulean Says:
November 21st, 2012
Posted at: 11:19 pm
Hi SM, ;] liked the thrill of making profit within a few seconds .. And it is over .
.Till loss occurred 2 times in quick succession.. and have stopped since then..
cerulean Says:
November 21st, 2012
Posted at: 11:27 pm
Hi CB, Hope all is well with you..Take care GN :}
SM Says:
November 21st, 2012
Posted at: 11:32 pm
Hi cerulean, patience pays. good that you stopped :)
cerulean Says:
November 26th, 2012
Posted at: 10:10 am
Hi SM, Yes it does thx.. My guess is -Zinc may go back to recent highs of 110..May I kindly have your feed back plz?
cerulean Says:
November 26th, 2012
Posted at: 11:46 am
Hi SM, In the coming week, market participants will be focusing on Monday’s meeting of the euro group of finance ministers to discuss unlocking Greece’s next aid installment.
Traders will also monitor developments surrounding the looming “fiscal cliff” in the U.S., approximately USD600 billion in automatic tax hikes and spending cuts due to come into effect on January 1.
There are fears the U.S. economy will fall back into a recession, unless a divided Congress and the White House can work out a compromise in the seven weeks left before the January 1 deadline.
cerulean Says:
November 26th, 2012
Posted at: 11:51 am
That was from forex pro news ... I know you dont follow news ..Tc :}
Sohan Says:
November 26th, 2012
Posted at: 12:32 pm
Hi cerulean, The US economy is in recession still. This is my strong personal view also.
There should be something credible in the following weeks to have a positive outlook.
I am still planning to short EUR/USD
Sohan