Tamil Trader- September Crude Oil Trading Diary

[Tamil trader]

Crude Holds Above 109 $ now... Be ready for next buy signal at 7216

 

[Tamil trader]

If anyone needs to exit from five minutes time frame, it is time to exit from short position as per five minutes chart

 

[Tamil trader]

TRADE 2- - 7222- 7302 = 8000 PROFITS

Trade 3 --- GO LONG AT 7222 NOW

START THE GAME IN LONG SIDE

REGARDS

VINOTH

TAMIL TRADER

 

[guptak03]

crude brought as per signal 7226 system sl is 7033:thumb:

 

[bullvolume]

pls sir show the crude chart update

 

[Tamil trader]

if the crude is closing above 110 $ in comex, next target is 114 $ and 118 $

in mcx , crude can test 8000 levels also within two weeks...

Mind this thread... You will surely say that ,

" hello tamil trader, crude touched 8000"

 

[Tamil trader]

Crude Long at 7222

Stop Loss 7020

Regards

Vinoth

Tamil Trader

 

[guptak03]

crude brought as per signal 7226 system sl is 7033:thumb:

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this is 30 mins charts

 

[Tamil trader]

 

[Tamil trader]

Fundamental Analysis- Crude oil September - CMP 7175

Crude oil is trading above 110 $ in Comex. As already discussed more time in this earlier post,

If once crude closes above 110 $ in comex, there will be fresh up trend will be started

Here we should think one important matter...

Before Two weeks, crude touched 112 $ in comex , and 7750 in MCX, But USDINR was 69.00 at that time

Now you see, what is happening, Crude in comex is 110 $, MCX Crude is 7175, USDINR is 65.00 in international markets

As you are seeing the number 7175, dont think that crude is bearish now...

What will happen to USDINR?

Today USDINR is 65.00,.... But what steps indian government will do for this?

Nothing... nothing.. nothing..... It may test 64.00 .. but again it will go upward towards 70.00......

So Today market players are confusing the traders to go short crude oil by just decreasing the USDINR Prices....

But Crude is very bullish in internation markets.... So dont try to go short until it breaks and closes below 7000 ......

So Target 8000 within This contract Expiry is very intact for me.....

Lets see what is happening in real time....

My Psychological and Technicals always win mostly according to me, so i am always making profits only....

Regards

Vinoth

Tamil Trader