I have completed mailing the report weekly crude trading ideas May 05- 09 to subscribers..
I have taken up study of Natural Gas at the request of one subscriber, though I do not trade in Natural Gas.
I found the charts tell me to sell as well as trading below PP. Elliott wave study says corrective wave A is in progress and should end at 4.522. My personal calculations look at 4.515. But due to violent volatility nature of NG, I have not given where to sell. You can sell any where @ cmp or little above at ur wish, but the target is at 4.525-4.530.
At MCX, the Target is 274, Due to INR, it might vary little bit, 273 - 275.
If you are already convinced that it is on selling path, go ahead with sell. Otherwise watch.
Trade wisely
Annadurai
I have taken up study of Natural Gas at the request of one subscriber, though I do not trade in Natural Gas.
I found the charts tell me to sell as well as trading below PP. Elliott wave study says corrective wave A is in progress and should end at 4.522. My personal calculations look at 4.515. But due to violent volatility nature of NG, I have not given where to sell. You can sell any where @ cmp or little above at ur wish, but the target is at 4.525-4.530.
At MCX, the Target is 274, Due to INR, it might vary little bit, 273 - 275.
If you are already convinced that it is on selling path, go ahead with sell. Otherwise watch.
Trade wisely
Annadurai
No comments:
Post a Comment