How to trade Commodities - Gold, Silver, Crude Oil, Natural Gas

[uttamkamlesh]

Its sell now with SL 96.56

 

[VJAY]

Its sell now with SL 96.56

Dear Kamlesh,
Can you please explain how this s/l fig derived ?

 

[uttamkamlesh]

Let's Exit...it's not going to come down today.

 

[uttamkamlesh]

My bet was that $96.0 would hold but it failed.

 

[LivetoTrade]

My bet was that $96.0 would hold but it failed.

Sir, don't you think $96.88 would hold?

 

[VJAY]

99.30 ...TL UMS selling here?

 

[uttamkamlesh]

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[uttamkamlesh]

99.30 ...TL UMS selling here?

I was betting that Swing High of 95.97 would work which was near 38% retracement and number resistance 96.0....and market would pause a bit before moving further up....without any other method....finally, i was punished!..

 

[uttamkamlesh]

Sir, don't you think $96.88 would hold?

It should be a SELL as a pullback rally as shown in the chart....till then it's up.

 

[hills_5000]

Kamlesh..I think its the end of year rally in place... prudent would be to go long after the market settles down..once shorts are out , weak ones...

Just my bit... BTW.. I saw that the volumes were pretty high today on nifty... so maybe the W should start ? whats ur view..

It should be a SELL as a pullback rally as shown in the chart....till then it's up.