Crude, gold and Silver signals and update!!

[deepakkukrety]

Crude has broken another resistance on MCX at 6245 and 99.70 on commex...CMP is 6260..we are positional long from 6080...6400+ shud be achieved in nxt 2-3 sessions..

Those who hv missed the positional bus can buy now at 6258 s/l 6170 tgt 6350/6400...

 

[deepakkukrety]

Rollover NG shorts..lvl now..Short NG Jan at 280.90 s/l 285.10 tgt 261...

NG trailing S/l at 280.20....CMP 272.9...

 

[ShawnMedia]

Deepak..

In your opinion .. should we stick to long SILM?

 

[deepakkukrety]

OHH YES....Its positional long..44200 is v gud support..n below tht 43550...one shud definitely remain long...

 

[waktem]

Today's Commodity Market

Gold
Spot gold prices gained around 0.8 percent in the last week on the back of upbeat market sentiments coupled with weakness in the DX.

Silver
Taking cues from rise in gold prices coupled with upside in the base metal prices, Spot silver prices jumped by around 3.4 percent in the prior week. Also, weakness in the DX coupled with upbeat global market sentiments acted as positive factor.

 

[deepakkukrety]

exit POSITIONAL LONG NOW AT 6157....year end profit booking pulling it down..

 

[deepakkukrety]

I Must admit it was a terrible day today..was heavily long in crude after the breakout... But mkt had other plans today..Didnt expect it to break all support... BUt may be mkt need big players for follow up and they are holidaying.. :-(

 

[ShawnMedia]

Terrible day indeed

Hope the long position in SIL M will make this up..

 

[deepakkukrety]

SILM intraday trend is down ,,..short here at 43980 s/l 44250 tgt 43700/43550..

 

[deepakkukrety]

After crude yesterday, today should be NGs day of profit booking..can see lvls below 270 today..