Crude, gold and Silver signals and update!!

[deepakkukrety]

Today's closing is v imp for crude...a positoive closing wud suggest tht we have made a base on weekly chart and headed twds 96-98 lvls... Also its the last day of the week so a short covering is not ruled out..

so on a cautious note exiting crude at 5817 here...will take a call on confirmation...

 

[deepakkukrety]

BUY CRUDE HERE at 5833 S/L 5795 FOR A TGT OF 5935 IN NEXT 2 SESSIONS..

 

[deepakkukrety]

As expected....short covering started...

Disclosure attached...

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[deepakkukrety]

5833 to 5885 in few mins...more to come..

 

[jagankris]

View on Silver ?
I guess silver has also broken its downtrend and is trying to move up ?

 

[deepakkukrety]

I dnt think so..in comex I feel there is more fall to come..I am expecting a fall of min 10% frm here..a lot would depend on non-farm data nxt Friday..

IN MCX, 45125 and 45500 are lvls to watch..abv 45500 I wud exit silver shorts for the time being to enter AGAIN AT BETTER LVL...SILVER M FEB contract..

 

[deepakkukrety]

Exit gold DEC M short at 100 points gain at 30240....it went down upto 30020 though.. :-(

 

[jagankris]

I dnt think so..in comex I feel there is more fall to come..I am expecting a fall of min 10% frm here..a lot would depend on non-farm data nxt Friday..

IN MCX, 45125 and 45500 are lvls to watch..abv 45500 I wud exit silver shorts for the time being to enter AGAIN AT BETTER LVL...SILVER M FEB contract..

http://i1287.photobucket.com/albums/a623/jagankris/Silver-2013-11-29_zpsaba75464.png

Silver has taken a nice support at 78.6% Fib retracement level from the previous swing high.
A diamond pattern formation at the bottom.
Has broken the trend line.
Closed above the 50DMA in H4 charts.

Expecting a move till 21.10.
Let us see.

 

[deepakkukrety]

for very short term gain till today mkt closure..buy gold dec M now at 30206 s/l 30050 tgt 30400

 

[deepakkukrety]

http://i1287.photobucket.com/albums/a623/jagankris/Silver-2013-11-29_zpsaba75464.png

Silver has taken a nice support at 78.6% Fib retracement level from the previous swing high.
A diamond pattern formation at the bottom.
Has broken the trend line.
Closed above the 50DMA in H4 charts.

Expecting a move till 21.10.
Let us see.

Yes Sir..Very much a possibility....a short term long can be initiated once 46500 is broken...till then I wud prefer to be on short side..