Tamil Trader Commodity Signals and News Updates

[Tamil trader]

As expected,

Crude bounced back from 96.14 to 97.14 $

Crude got a good support near 96 $ as predicted....(200 SMA)

 

[pan_rajasekar]

pls send ur email id to [email protected] from puducherry

 

[deepakkukrety]

Crude can touch 98.20 in this upmove easily...in mcx may test 6055/6110..

 

[Tamil trader]

As Market is trendless, carrying over a position is not safe for low risk crude oil trders.

Above 6100 on closing basis is the buy signal for crude

Below 5950 on closing basis is the sell signal for crude

Current price 6020 is showing very trendless market

Crude data is very bearish. But Crude bounced back technically. Thats all. Again Some selling pressure will be seen fundamentally. But this is not the time to take short position and also take long position.

Sitting without position is safe for today positional traders.

 

[malayamoorthi]

Low risk traders can book profit at current price 6015

1600 Profit per lot

others can hold their position

thanks lot I booked @6023 in 3 lots profit 6900......great....keep rocking

 

[RAGHUERK]

Sitting without any position and waiting for next breakout is the strategy today

Currently i have no crude position. Because there is some reason.

Reason 1: Currently Nymex Crude is trading near the supporting zone. So this is not a time to sell.

Reason 2: Nymex crude is very weak below 100$. So this is also not the time to buy. Anytime there is more chance for downside movement

Reason 3: INR did not support sell signal. INR opened gap down. but it fulfilled the gap. it is trading near day's high. So INR is trendless now

Reason 4: My Downside target was 5900 for october contract. but 5959 is the target for november contract. But It made a low 6025. So There is no need to wait for the exact target

Reason 5: Psychologically, crude is trading down for last two days. So due to short covering and profit booking, it may go some upside.

Reason 6: General Expectation around the world is " Crude will break 6000". But market makers may create the up movement from current levels and they make take their money.

Reason 7: Monday Crude data last week was very bearish. but today wednesday crude data may give some more volatility on the higher side and also lower side.

Final conclusion:- Crude should close above 6153 on daily basis. or Crude should close below 5900 on daily basis. Otherwise there is no trend now. There is no position now.

This is called " The silence of the Tamil Trader after the storm"

Tamil Trader..........

Good Analysis........ Keep up the good work.......

 

[Tamil trader]

Crude is expected to go up 200 Points from current levels

Keep Stop loss at 5940 levels....

200 Points upmove can be seen within two days

 

[malayamoorthi]

Crude is expected to go up 200 Points from current levels

Keep Stop loss at 5940 levels....

200 Points upmove can be seen within two days

sir what is the entry price

 

[Tamil trader]

Important Data Timings to watch Today

12:30pm	EUR		
French Flash Manufacturing PMI

6:00pm	USD		
Trade Balance

6:30pm	USD		
Flash Manufacturing PMI

7:30pm	USD		
New Home Sales

8:00pm	USD		
Natural Gas Storage

 

[Tamil trader]

sir what is the entry price

Entry Price is 6010 to 6030 levels