Crude oil

amarnath · #31 26th October 2005, 10:58 AM

Quote:

Originally Posted by joy_verma

thanks amarnath . looks like you have given me a good start. can you give
me some more info about goldsilverindia.com like a/c opening ,which bank they
will preffer me opening an account with , commissions & trading platform used
and there location etc. I think this information will also be very useful to other
guys on the forum as well.
thanks once again

You can mail /call them directly to get more detailed idea's . They offer ODIN for active traders but certainly not a deep discount broker i recommend them only for serious and professional traders

amarnath · #32 26th October 2005, 11:01 AM

Quote:

Originally Posted by amarnath

Agressive traders can now short at this 62.40 area with tight stploss and trgt with risk reward ration of 1:1 or 2

Exit / trail stp short now @ 62.40 . I prefer to close and reenter when mkt signals again

amarnath · #33 26th October 2005, 11:22 AM

Crude oil outlook 26th Oct 2005

For now top is limited to 62.80 <> 63.10 and there is good deal of support exist on 61.90 , 61.40 , 60.89 . For today look to sell if Resistance reaches 1st @ 62.80 <> 63.10 with stp loss above 63.75 trgt 61.55 1st . And only break below 60.90 area would instill bearish momentum again and break above 63.65 would bring next major resistance 65.70 <> 66.45 into focus

Happy Trading and Good Lucks

pooja_salve · #34 26th October 2005, 03:19 PM

hi

amarnath i do agree that u are providing good level to us. But as we are trading in MCX would u mind giving us details/levels at Mcx

thank u

amarnath · #35 26th October 2005, 06:03 PM

Quote:

Originally Posted by pooja_salve

hi

amarnath i do agree that u are providing good level to us. But as we are trading in MCX would u mind giving us details/levels at Mcx

thank u

Hi,

I trade forex and MCX too . You can simply calculate parity price of NYMEX crude in $ to Indian rupee as MCX moves like copy cat mkt to NYMEX oil i prefered to post levels in $ . If MCX price is more preferable you can do simply by $ price * current Indian rupee level

amarnath · #36 26th October 2005, 06:05 PM

Hi all ,

Dont use agressive short on silver now mkt may technically broke to hace a new HIGH levels possible

amarnath · #37 26th October 2005, 06:12 PM

Silver chart for brief out look on it

amarnath · #38 26th October 2005, 07:03 PM

Awaiting for US crudeoil Inventories report in a hr . Expectated of high crude inventories

amarnath · #39 26th October 2005, 08:10 PM

Quote:

Originally Posted by amarnath

Crude oil outlook 26th Oct 2005

For now top is limited to 62.80 <> 63.10 and there is good deal of support exist on 61.90 , 61.40 , 60.89 . For today look to sell if Resistance reaches 1st @ 62.80 <> 63.10 with stp loss above 63.75 trgt 61.55 1st . And only break below 60.90 area would instill bearish momentum again and break above 63.65 would bring next major resistance 65.70 <> 66.45 into focus

Happy Trading and Good Lucks

Cancelled short order as mkt tested supp 1st entered tiny longs again @ 61.70 area with trail stp now

trgt 62.90 area and sell if signal occurs @ 62.80 <> 63.10 area

amarnath · #40 26th October 2005, 09:41 PM

Quote:

Originally Posted by amarnath

Cancelled short order as mkt tested supp 1st entered tiny longs again @ 61.70 area with trail stp now

trgt 62.90 area and sell if signal occurs @ 62.80 <> 63.10 area

61.70 long closed @ 62.90 trgt met

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