Tamil Trader Commodity Signals and News Updates

[Tamil trader]

i think the volumes are also lower due to nsel fiasco

I agree with you.. This is also one of the reason for low volume

Actually settlement is correctly done for intraday traders..... positional traders only need to worry by seeing NSEL

Open interest are approximately same as if it was in the previous month... so NSEL fear may be less important for MCX Traders.. and CTT worries are the main worries of the MCX Intraday players and Jobbers

 

[bharathi2005]

THANKYOU SIR now I understand

 

[Tamil trader]

01.10.2013 Evening Signal and Trend update

Silvermini-Buy above 49410 only- current trend down

Goldmini- Sell below 31208 only- current trend up

Copper- Buy above 464.70 only- current trend down

Nickel- Buy above 878.30 only- current trend down

Natural Gas- Sell below 222.90 only- current trend up

Crude oil- Buy above 6461 only- current trend down

 

[Tamil trader]

Nymex crude trades below 101.50 $ and MCX Support broken 6370

But it needs to be confirmed by breaking 101 $

 

[Tamil trader]

As MCX has the holiday tomorrow, carrying over the position is risk for small players

 

[Tamil trader]

Crude oil Previous = 2.6 M

Crude oil forecast= 2.4 M

Forecast is bearish for crude.. As per technical Crude also shows sell signal...

This winter season is also bearish for crude .... USDINR also supports sell side...

Tomorrow market holiday in India. So Thursday opening may be in the bear favour that is what i believe...

Lets see what happen thursday... I expect downside target of 6200 to 6130 range if crude breaks 101 $

 

[Tamil trader]

Gold, Silver, Copper, Nickel- Bearish

Natural Gas- Bullish

Crude oil- Sideways with bearish trend

 

[Tamil trader]

At last 5 minutes of the trading crude was up from 6363 to 6403...

But Closing price is 6376 only

No need to be nervous on day end rally.. It is to create more BTST position by Market makers... Thats all..

Trade with trend only...

 

[Tamil trader]

Lots of Threads, Lots of Questions, Lots of Replies, Lots of Worries, Lots of Learnings........

This is the time to remind the Gandhiji's quote which is specifically suitable for the losers and market learners...........

I Salute mahatma in this beautiful day.......... Jaihind, Jaihind, Jaihind

 

[Tamil trader]

Crude inventory data release results

Crude Previous 2.6M

Crude forecast 2.4M

Crude Actual 5.5M

Data very bearish for crude... It indicates over supply