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Thursday, January 28, 2010

TECHNICALS FOR JAN 28

MCX FEB CRUDE

SUPP: 3410/3382/3355

RES:3470/3495/3511

WAIT FOR CALLS

4 comments:

HARISH said...

sir
i have bought the crude oil at 3427

what should i do ?

Kp said...

Dear mam,
yesterday you gave the inventory report for crude.you tell that demand for oil and Positive to Oil Prices.But yesterday the crude price falls.I dont know why? can you explain it clearly please.was it demand or excess of crude oil

manu said...

yesterday call was disaster from this blog.

inventory data was wrongly interpretted by mr.akshaya.

Harish, you can exit the 3427 purchase at 3437 now, don't hold any position as today crude movement is not yet clear.

akshaya said...

ATTENTION MR HARISH / KRISH

1. Yesterday crude inventory data was positive for prices and we maintain the same view.
Generally on the inventory day prices are very volatile.
Our calls are based only on technical charts.
We had also given an exit for low risk traders 10 minutes before the inventory at Rs 3465 to 3470.
AKSHAYA