Manish Damani

[pioneer]

Crude oil inventories rise better than expected but in-spite of that price of oil increases.

Can't make any head or tail out of it

 

[MANISH_DAMANI]

I guess you put stop loss market for trailing sl.

How many points you normally put for trailing sl ? Is it 5 points ?

yes here it is 5 points for you guys for safety.

 

[MANISH_DAMANI]

Crude oil inventories rise better than expected but in-spite of that price of oil increases.

Can't make any head or tail out of it

Many times it happens so thats suggesting for charts so that what actually happening in price could be known. Some time market discount it before news. Some times gasoline inventory also has some impact on demand supply but that I am not aware exactly so in that scenario it behave against its data. Many news other than inventory also flowing in market but we normal people dont have quick access to that then many times it could be like that. Take these data as refernce see charts for trade what its showing.Anytime big correction may come as it is due on charts. So use rally for sell and exit when you get good returnsof 20-30 points. :thumb:

 

[trade2411]

Manish Sir,

Do you have the historical intraday data for crude? If yes, can you pls share.

 

[MANISH_DAMANI]

For next 6-7 days gold could trade witd negative bias. It could give some $20-30 correction anytime. so you can use rally to shorts.Same thing going to happen in silver after tomorrow.So buyer be cautious and trade with stoploss. copper also have probability to fall so use an rally for sell .Stoploss 455.

Told to sell gold and silver and predicted last 3 day fall see comex it falling before the fall starts.MORE THAN $30 CORRECTION IN GOLD.:thumb:

 

[MANISH_DAMANI]

New Home Sales --- Exp-->385 K; Pre-->377 K; Actual-->369 K New Home Sales (mom) --- Exp--> 2.1 %; Pre--> 4.4 %; Actual—>-7.3 % ( Data supportive for Bullions and weak for Base metals and crude)

 

[MANISH_DAMANI]

sell crude at 5192 for 10 points 5195 sl

 

[MANISH_DAMANI]

exit at 5186-5187 5 points profit

 

[MANISH_DAMANI]

buy at 5186 sl 5180 target 10-15 points keep trail at 5 points profit.

 

[MANISH_DAMANI]

keep stoploss bigger at 5176