Crude, gold and Silver signals and update!!

[ashu1234]

Its like trying to catch a falling knife, and with bare hands
Since 106 levels we all know there is abundance of supply and one of the last road block of Iran is over, then no point in sticking with strong historical support and buying in hope with that.

 

[deepakkukrety]

As a matter of fact, IRAN oil is not sumthing tht is coming tmrw or nxt week or nxt month..Oil sanctions are still there..Moreover Saudis are not happy wid the deal and they may hold back their oil in order to check the prices..

In anycase I ll stick to charts whch is showing sum consolidation here albeit a bit volatile...I m watching 92.40 v closely..if broken one can anytime reverse position to make a killing on downside..if at all it isbroken,,..

 

[deepakkukrety]

I am sticking to this weekly chart and feel tht this trend line shud not break..SToch RSI is at 0.00 lvls which is an extremely oversold condition...


I will be happy even if the trendline is broken as tht wud give more confidence to hold shorts then..

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[ashu1234]

As a matter of fact, IRAN oil is not sumthing tht is coming tmrw or nxt week or nxt month..Oil sanctions are still there..Moreover Saudis are not happy wid the deal and they may hold back their oil in order to check the prices..

In anycase I ll stick to charts whch is showing sum consolidation here albeit a bit volatile...I m watching 92.40 v closely..if broken one can anytime reverse position to make a killing on downside..if at all it isbroken,,..

Ok are we not trading "Futures"....Well in market even news and the impact of 1 or 2 yr forward is discounted instantaneously.....so if you read somewhere that crude supply of iran is not coming until next month in bullish supporting views/commentary then I'm amused.
Btw charts all are bearish.....Strong resistance at Gap above 94$ tells the story...I have watched your views here and I respect that but just can't resist my self commenting you sometimes get obsessed with your strong views.
Take my comments in constructive manner.....no intention of any war of words.
:thumb:

 

[ashu1234]

One more thing If we are talking weekly, then I see 88$....
Just see the selling pressure from the above....can be possible in coming days.

 

[deepakkukrety]

Well NO COMMENTS...all I can say is its gud to have different views and thts wht is important for mkts...all bulls and no bear or vice versa wud kill the mkts...

Moreover I am not marrying my position..i do trade on the basis of TA only but sumtimes it is gud to go by ur gut feeling also..

I only said I am watching a particular lvl to remain long or to reverse my position...however I respect ur views and pl keep posting ur views too as tht is imp for us so tht we dnt get complacent with our trading or as u said obsessive...

 

[deepakkukrety]

DOE US Crude Oil Inventories (NOV 22) in at 2953K versus 750K expected and 375K prior

 

[deepakkukrety]

Hopeless data..out of all longs at 5810..

 

[deepakkukrety]

Very interestingly gold is moving twds it break below 30340 (goldM DEC)

Sell here at 30340 s/l at 30850 for a tgt of 29400 in nxt 6-7 sessions..

 

[deepakkukrety]

Selling more silver here at 44270 stops at 44900 for tgt 1 of 42200 and tgt2 40300.... precious metals shud fall heavily after thanksgiving day tmrw..keep short..