Crude, gold and Silver signals and update!!

[deepakkukrety]

SELL NG intraday at 270 s/l 272.90 tgt 265.60...

Intraday s/l triggered in NG at 272.90...restore short here at 274.30 and carry shorts O/N..tgt below265 by tmrw..s/l 278...

 

[deepakkukrety]

SELL Copper here at 461 s/l 463.50 tgt 455 by tmrw,...

 

[deepakkukrety]

SILM slipped immediately...but the idea is to remain short....to catch bigger move...

 

[crude trader]

Intraday s/l triggered in NG at 272.90...restore short here at 274.30 and carry shorts O/N..tgt below265 by tmrw..s/l 278...

Hi Deepak

NG has made a high of 277.6 and has jst missed the SL of 278. Would it be too risky to add short positions now. CMP is around 277

 

[deepakkukrety]

there is no reason for NG to break previous highs when the temperatures are much lower than the previous arctic blast...Unless 281 is in tact we can expect heavy and sustained down move in coming days.. Its all about holding nerves..

Personally I hv hedged my position with crude longs...

 

[deepakkukrety]

***I mean a pair trade..Crude long.. NG short..

 

[ShawnMedia]

there is no reason for NG to break previous highs when the temperatures are much lower than the previous arctic blast...Unless 281 is in tact we can expect heavy and sustained down move in coming days.. Its all about holding nerves..

Personally I hv hedged my position with crude longs...

I second that .. technically charts are showing uptrend.. but there is no fundamental base to the uptrend...

Well put - Holding nerves is the key - more than once i was tempted to stop and reverse ..but holding to shorts as tempratures will get warmer in coming weeks..

 

[deepakkukrety]

S/L triggered in NG at 278..high risk trader can remain short with s/l at 282...

fact is every asset class is moving in a range from last few sessions. be it NIFTY, BANK NIFTY,Commodities, USD, EURO..everything.. mkt is testing both ends and weak hands are exiting on these ends at loss fearing a breakout/breakdown only to see things reversing... JUST HOLD and dnt be a weak hand..

 

[deepakkukrety]

there is no reason for NG to break previous highs when the temperatures are much lower than the previous arctic blast...Unless 281 is in tact we can expect heavy and sustained down move in coming days.. Its all about holding nerves..

Personally I hv hedged my position with crude longs...

NG zoomed abv 281,...287.70 high

Even though my S/l hit in NG, my abv mentioned pair trade worked well as crude moved up from 5930 lvls to 6015 now...Unfortunately didnt give crude long call here..

 

[KWR]

Ng nice move