Manish Damani

[calic]

If inventory increase then there high probability of fall in price as supply increases. If inventory decrease then then high probability of price rise as demand increases. Above is API data,. today is also crude inventory expectation is 1.469m and previous is -11.120m. So if actual increase is more than 1.469 then you see good fall of rs 50-100 possible. If less than this rise is price possible.IST approx 9 pm earlier it was 8 pm. So when it come I will try to post it immediately.

Thank you for the explaination . I had no clue to interpret the inventory data before

 

[MANISH_DAMANI]

http://i.imgur.com/Vn1tz.png

If crude breaks above trend line weakly chart then $100-106 possible. So keep stoploss strictly.Stocashtic is near overbought zone in weakly chart and already overbought in daily chart so let see Is pattern fails from here or side ways life it now a days .Mbfx system,normal support resitance, is also showing resistance area near $ 94.50 ma in daily chart slowly slowly moving towards 100 and 200 ma in daily chart no expecting big correction as of now maximum down seems -150-200 points . IF that breaks then we check further. Keeping close watch on charts lets see which side direction move. MAcd in daily charts also showing chances of reversal soon but let the chart confirms itself to take proper decision. Just alarming.

 

[megapixel]

ACTUAL FORECAST PRVIOUS.
16:30 USD API Weekly Crude Stock 2.36M -0.25M -12.03M
16:30 USD API Weekly Gasoline Stock 7.93M 2.25M 3.32M

I am new to this data.

Can you please explain how to read this data ...

16:30 USD API Weekly Crude Stock 2.36M -0.25M -12.03M


why there 3 values for inventory data ? It should have been one ..is not it ?

 

[MANISH_DAMANI]

I am new to this data.

Can you please explain how to read this data ...

16:30 USD API Weekly Crude Stock 2.36M -0.25M -12.03M


why there 3 values for inventory data ? It should have been one ..is not it ?

2.36M is current inventory , -0.25m is expected, -12.03 is previous weak actual inventory. As inventory is positive and also higher then expected so negative for crude but today is also inventory at 9 pm which actually decide intraday direction. Two things can happen-

1) Market could fall before data release and discount news or
2) after data it will decide the rise or fall.
That can be traded only through charts.:thumb:

 

[pankaj30071987]

Any view on copper,lead,zinc

 

[MANISH_DAMANI]

Any view on copper,lead,zinc

Lead , zinc difficult to say because Indian market follow lme and I dont have chart. In copper I have given already above 450 sell Stoploss 455. Target of rs 10-15 atleast . Timeframe - 1 months.Keep strict stoploss.

 

[MANISH_DAMANI]

crude made a low of 5100.

 

[neerav thakkar]

which is the site to check inventory data

 

[MANISH_DAMANI]

which is the site to check inventory data

http://www.investing.com/economic-calendar/
all US Data

 

[neerav thakkar]

crude made a low of 5100.

is this a support 5100 ???