Sunday, 12 October 2014

3.720 the .618 retracement though held for 12 weeks,no bullish sentiment prevailing.

At this juncture we have to wait for its break 0.618 retracement 3.70

NG - bullish sentiment decreasing and bear sentiment increasing.In these circumstances, we have shed our seasonal play and look for previous low.

3.35 is the target if it breaks 3.720 is the level I short.
Sell at 3.720 for the target of 3.35 and 2.875.

Natural Gas - exit the call.Indications are it will follow Crude oil.


DJIA - PullBack seen at 16100, but not buying opportunity


GOLD - Sell at CMP

I see an opportunity to short Gold as wave 4 completed and failed to reach bottom of previous wave 5
Target 1153.
Stoploss 1250( which was the high of previous wave 5)

crude oil is under immense bear pressure that it targets which I myself cannot believe. Do you know the prices bear pressure looking for ?

70$. Until and unless this ISIS war ends and positive news flows. I am extremely bearish and will short again at 88$ levels.I will not buy Crude unless bull sentiment appears.

Exit ur shorts in Crude Oil and wait for next clear call.I expect pull back to 88 levels,short again at those levels. Call closed,


nifty