Crude, gold and Silver signals and update!!

[deepakkukrety]

oops..within seconds 44050....!!

 

[deepakkukrety]

USD ADP Employment Change (NOV) (prior 130K) (survey 170K) ACTUAL: 215K..

very gud data...bearish for gold n silver ..bullish for crude..but mkts are doing adjustment before NFP data so risky to trade now..

 

[Allu]

USD ADP Employment Change (NOV) (prior 130K) (survey 170K) ACTUAL: 215K..

very gud data...bearish for gold n silver ..bullish for crude..but mkts are doing adjustment before NFP data so risky to trade now..

Sir ,
can we expect some bounce in crude from here?

 

[deepakkukrety]

I dnt expect any bounce today unless 6055/60 is broken abv..shud go lower frm here..

 

[jagankris]

USD ADP Employment Change (NOV) (prior 130K) (survey 170K) ACTUAL: 215K..

very gud data...bearish for gold n silver ..bullish for crude..but mkts are doing adjustment before NFP data so risky to trade now..

Dear Deepak,

But Silver is shooting up .
I was expecting silver to touch 18.14 but didnt.
Is this a temporary bounce or reversal ?

FED tapering is good for Silver and Gold or bad ?

 

[Allu]

Sir,
US Crude oil inventories : EXP -0.5M, PREV 3.0M Actual -5.6M... ..Impact????

 

[deepakkukrety]

STOPS TRIGGERED IN crude at 6053..sell here at 6039 s/l 6059 tgt 5995

CRUDE target hit at 5995..todays low 5993..44 points

 

[deepakkukrety]

Dear Deepak,

But Silver is shooting up .
I was expecting silver to touch 18.14 but didnt.
Is this a temporary bounce or reversal ?

FED tapering is good for Silver and Gold or bad ?

Sir,

FED tapering is bearish for Precious metals since tht will impact liquidity in mkts..
This is definitely is just a bounce, as I said position adjustments by traders before Friday's NFP.. We hv broken 50% fib lvl in sil.. GOLDhas resistance at 1230/35lvls whereas as same for sil is 19.39/50 lvls..

My tgt for gold is 1170/75 and then by JAN end 1050...for sil am expecting 17.20. Ofcourse in between we will get small bounces like this to test weak hands in mkts..

 

[deepakkukrety]

Sir,
US Crude oil inventories : EXP -0.5M, PREV 3.0M Actual -5.6M... ..Impact????

This is actually a very gud data but these days mkts are showing reverse reaction to inventory data..may be these datas are available to sum traders beforehand and they play the move in advance like we saw in last 2-3sessions..

 

[deepakkukrety]

Sell crude here at 6005 s/l at 6055 for a tgt of 5940...
crude shud test its previous resistance (now support)at 95.60 and hence expect a further 1% down move...also INR is expected to open stronger n shud b bought further..