INDIA NIFTY:

has to go abv 7590 to gain momentum, else more possible will test  7245

US OIL : will book part profits @ 34.55

OIl will head to 23.98 minimum, if fail past going up 39.10.

XAU USD : failing to get past (7.881) 1277, I have entered short trade.

US OIL : My shorts placed at 37.92, 38.33 , 39.03 and 40.45 with stoploss 42.63

US OIL : My stoploss hit

US OIL : OPEC BASKET PRICE : FROM 14/12/2015, STILL STAYS BELOW /AROUND : 31.61

This week we can either see breakout or downmove, but I remain bearish.

US OIL :

The price 36.14 is near my stoploss 37.22.
In a falling market,I dont buy, I sell on rise and in a rising market ,I dont sell, buy on dips.
To me My axis trading is far below, so I didnt buy.
I had shorts at 34.80 and on Monday I will sell again above 35 $,I dont have fears of stoploss hit.
I now move around different asset classes, indices, gold,currency (usdinr), except US OIL
in all others I am  running my profits.If I lose in US OIL it will not impact me much.
However I  have to check my trades: like what I thought, if I am so sure of 22$, then
as I already wriiten in my blog of 26.42. I should have positions like
Buy in Micro lots  

26.75 26.14

25.44

24.94

24.35

23.77

23.20

22.63

22.06

stoploss

   20.17  

Trade set up has to be broadbased without narrow trades.Thats the thing I learnt here.

Shorts on Gold reversed to Longs yesterday

US OIL : Targets 22.7, 22.01

stoploss 35.7 Short

34.8

34.2

      33.9

MCX crude :

Guys : Maintain stoploss 2444  create shorts  2374, 2356 and 2334 targets wait patiently for 2116 and 2108.