The Trade Journal: Evolution

Feel like to avoid reentering. Better trade seems to wait and try to get short in base metals say copper and nickel.

Hmm, didnt track the market on US open as wanted to celebrate my Bday today. anyway base metals except copper and nickel are on fire. crude has charged to a level where fresh trade for today is not advisable. lets wait for a dip in crude. might be arnd 3090-3100 with a SL below 3040 and trgt 3150 or so. Lets see how it works

A very good morning to everybody here.

copper today faces stiff resistance around 262-63 being the previous high in internatinal market asuming USDINR at 48.50. Order book is also bearish. Look to short around 262 with SL above 263.5. this is the plan as of now. any changes, will post here

Dont take a presumtive short in copper as mentioned above and wait for it to hit 262 and if it struggles there than go for a short.
NG may be bought around 178-178.5 and SL below 177 for a small upmove till Europe opens might be 179.5-180
Crude is bullish even today but need to see a dip to adjust my SL levels

No positions in my account as of now

Hold for iniitiate any short in copper as of now. Not enetering at the moment

In relative terms Nickel as of now seems a better candidate for shorting than copper. However Copper and nickel both underperformed the entire pack on friday, of which copper is having a little catchup. If nickel decides to catchup it might hit SL very easily. Still i feel if i want to short in base metals, atm nickel looks better. Waiting for clear picture to come out

MCX Nickel Limit [email protected] with SL at 792.1

entry modified to 784.7