Why Crude Oil is being neglected by users here

[netman]

just wondering why Commodity trading especially Crude Trends are not discussed so actively on Traderji ??

Come on Guys, lets do some typing and trading here.

I am not expert but doing swing trading and its not so Bad.

 

[netman]

Crude is showing very volatile momentum today.

from morning the selling pressure kept pushing crude from 3583 to 3523 level, and then in evening session a huge selling pressure
was seen till Jan crude touched a new low for the day of 3504

currently some buying been noticed making it again touch 3552 but still a selling can be osberved as today is contract expiry.

please do not take above post as trading recommendation.

 

[coolmohit85]

Hi guys ... Does any 1 have any idea about the trends for crude oil ???

 

[coolmohit85]

Hi... Netman ! whats u r name and where are u from ?????
Do u trade Big in Crude oil ???

 

[netman]

hi,
i am manu, from Allahabad.
i trade small on crude using indiabulls ODIN.

 

[coolmohit85]

hmmm... thats great to know manu ... I am Mohit from Bangalore and I trade with Religare... and I too trade small...
so what would you suggest for crude at present levels ????

 

[netman]

its side way momentum today,
yesterday was huge fluctuation and could have been much profitable.

I am today selling at High, buying at low, only made few points.
but momentum is very restricted today, what you say mohit ???

 

[coolmohit85]

ya... Even i feel the same... Not sure how low or high it can go upto .... !

 

[netman]

you won't be surprised if it looses another 20-30 points today by end.

also its inventory data tommorow, crude falls or recovers approx 50-70 points easily on that news.

make sure you do any trade with Stop loss in evening session tommorow as it can lead to instant huge loss or profit.

 

[coolmohit85]

Ya...sure ! Will do that

Not able to understand what to do at the moment .. Either to buy or sell !

You holding any Position ?