Crude, gold and Silver signals and update!!

[deepakkukrety]

Btw I cant see any data coming out of china tmrw...am I missing anything?

 

[deepakkukrety]

TMRW's NFP is expected to come on lower side and may disappoint due to extreme cold conditions in U.S...which is bullish for gold and silver...

 

[TraderPRO]

In that case u can go long in gold...which is least effected by china and is luking more bullish....but SIL being high beta I luv playing in it and hence GOLD trading is out of my radar completely...

Agree.

Only if INR gave support, your targets could have reached today itself

 

[deepakkukrety]

Agree.

Only if INR gave support, your targets could have reached today itself

Yeah...the way EUR/USD is flying post ECB it seems USD is gonna take another plunge tmrw mrng...NFP clearly holds the key though...DOW & NIFTY both at the top of the range..Its gonna be make or break tmrw..

 

[TraderPRO]

Yeah...the way EUR/USD is flying post ECB it seems USD is gonna take another plunge tmrw mrng...NFP clearly holds the key though...DOW & NIFTY both at the top of the range..Its gonna be make or break tmrw..

yes, just noticed the eur/usd.

47380 /800 are hurdles for silver.

 

[TraderPRO]

Btw I cant see any data coming out of china tmrw...am I missing anything?

I meant there is a possibility of China booking profits tomorrow and as well as China has a tendency to drag the silver prices when Nymex silver shoots up.Just my observation.

 

[deepakkukrety]

OUT of SILM longs till NFP..

 

[coolnits]

what about 50+ target ?

should i have to get out or wait ?

 

[deepakkukrety]

u shud definitely wait...2014 is the year for gold and silver...50 k is definitely on cards...

 

[deepakkukrety]

we exited timely at 47k..now the levels are mouth watering...

BUYING SILM here positional at 46050 with s/l at 44800 for a tgt of 48020 and 50400...