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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SM Says:
November 21st, 2012
Posted at: 10:42 pm
Hi cerulean, Just saw NG. Yes all SL in system would have been taken. Volume was huge when that happened and not long ago :)
cerulean Says:
November 21st, 2012
Posted at: 10:45 pm
Hi SM, Because the inventory report was today at 10.30pm..It should watch the candle then ..really interesting ..
SM Says:
November 21st, 2012
Posted at: 10:48 pm
Hi cerulean, Yes the 5 min candle is sort of a gravestone doji. Bulls pushed the prices higher but was unable to sustain. Bears took it to the opening value of the candle. Interesting :}
SM Says:
November 21st, 2012
Posted at: 10:51 pm
Hi cerulean, Have you seen this broker's report on Copper? Available in moneycontrol. Have a look:
http://www.moneycontrol.com/news_html_files/broker_report/2012/Nov-212012-63211112.pdf
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 :)