Crude, gold and Silver signals and update!!

[deepakkukrety]

Book full profit in silver now at 44565 as 44500 is gud support...we can short again near 44800-45000..

Total profit in silver +1505 points..

 

[deepakkukrety]

As we say, picture(charts) speaks a thousand words.... See below the weekly chart as per my analysis today ... Carefully watching we will find that after a considerable fall whenever we have a set of red & green candle at same level the markets have rallied. there have been many such occasions which indicates a turning point of mkts.

Also see how mkts have rallied from oversold levels historically..as I also mentioned in my yesterday's charts crude is bouncing from weekly uptrendline....

So we have enough evidence tht crude shud in all probability shud bounce back from here to 99+ levels... And remember mkts are most volatile when a base is around....have a luk..

 

[deepakkukrety]

A very negative news came out today morning for crude which surprisingly noone discussed till now...

Iran and west coutries hv arrived at an agreemnt after decade long deadlock which means few sanctions on iran lifted nd the risk premium tht was der in crude oil will no more b der... Ready to see 5-6% drop tmrw in brent crude oil which is trading at highest primium of $16 over wti crude which we trade
..
I m expecting and hoping wti crude shud not go dwn much as already sum part of this news was priced in...fingers crossed....lets see hw much gap down crude opens tmrw mrng, if at all it happens...

 

[Tamil trader]

A very negative news came out today morning for crude which surprisingly noone discussed till now...

Iran and west coutries hv arrived at an agreemnt after decade long deadlock which means few sanctions on iran lifted nd the risk premium tht was der in crude oil will no more b der... Ready to see 5-6% drop tmrw in brent crude oil which is trading at highest primium of $16 over wti crude which we trade
..
I m expecting and hoping wti crude shud not go dwn much as already sum part of this news was priced in...fingers crossed....lets see hw much gap down crude opens tmrw mrng, if at all it happens...

oh god... is it possible to see 5 to 6 percent drops within a day

 

[Tamil trader]

Technically

Nymex Crude has the hammer chart... So it may test 96.60 , 98.50 and 100 in coming week

 

[deepakkukrety]

Unfortunately its a big event outcome..but only gud thing or positive is tht sanctions on oil export is still not lifted..i m still aggresively long...hope for the best...sumtimes mkts reacts in opposite direction when news actually cums out...

 

[deepakkukrety]

Technically i m also v bullish...

 

[Tamil trader]

Deepak sir,

you are absolutely correct... Oil export is not lifted.. so market may also take this news as positive...

i also hope for the best... i am also long in crude oil... sometimes, fundamental beats technical analysis... so i am little thinking about tomorrow opening...

 

[deepakkukrety]

As feared..mkts opened gapped dwn and our stops triggered at gap opening rates of 5914... now our support at 5935 has become resistance and hence I am inclined to go short for a bigger fall as we didn't break 6050/60 on higher side and hv formed double top their which shud hv tgt of 5575...

SHORT here at 5905 stops at 5956 for an open tgt..

 

[deepakkukrety]

Sell silver here at 44240 with stops abv 44600 for an open tgt...