UPDATE FRO FEB 9
CRUDE OILIS TRADING IN A RANGE
WHICH IS GETTING NARROWER BY THEDAY.
CURRENT TRADING RANGE IS $ 39TO 42.
BREAKOUT IS EXPECTED IN NEXT FEW TRADING SESSIONS.
PRICE IS TESTING $40 EVERY DAY AND A CLOSE BELOW
$ 40 CAN SEE CRUDE PRICE TESTING $ 35IN THE ENSUING
SESSIONS. THE TREND CONTINUES TOBE BEARISH IN
THIS WEEK ,AND TODAYWE CAN EXPECT A TESTING OF
RS. 1950 AND 1925LEVELS.
THIS WEEK IS THE SETTLEMENT FORTHIS CURRENT
CONTRACT AND HENCE TRADE WITH CAUTIONAND STOP LOSSES.
4 comments:
is there is achance of hitting lows of 1650 again?
can we hold long at these levels?
SRI SELVA AMMAN TRADERS,
PLEASE VISIT OUR SITE. A CLOSING BELOW $40 CAN TAKE CRUDE TO TEST $ 35 , I.E AROUND RS. 1750 LEVELS,SO WHAT IS CRITICAL IS THE RATE ON CLOSING TODAY.
AKSHAYA
I sold crude (13 feb) lot @ Rs. 1925. Is it possible to exit from it?
Price of 15 Feb lot is Rs. 2368.00. Sould i sale at this level or buy?
K,
HOLD SHORT TILL EVENING NEW YORK OPENING.
AKSHAYA
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