New year Greetings.

As long as it stays below 55.25. the target is 51.20. Buying call invalid.

Back to work. Take pleasure in reconnecting to all.

I am on holidays, Merry Christmas and Happy New Year.

FOOT PRINTS ;

One night a man dreamed,that he was walking along the beach with the Lord,across the
sky flashed scenes from his life,for each scene, he noticed two sets of footprints,one
belonging to him and the other to the lord,,,,. When the last scene of his life flashed before
him,he looked back at the footprints,he noticed,that many times along the path of life,there
was only one set of prints,he also noticed that it happened at the very lowest and saddest
times of his life...

This bothered him and he questioned the Lord about it; " Lord,you said,that once I decided
to follow you,you'd walk with me all the way,but I've noticed,that during the most troublesome
times in my life,there is only one set of footprints,I don't understand why,when I needed you most,you would leave me."The Lord replied: 'My Son,I love you and I would never
leave you,during your times of trial,when you have seen only one set of footprints,
it was then that I carried you.

Fundamental call : Crude MCX buy 3590 and 3445 for target of 3921 or expiry

OPEC basket price since Dec 01

01-12-2014	66.44
02-12-2014	68.13
03-12-2014	67.31
04-12-2014	66.27
05-12-2014	65.32
08-12-2014	63.78
09-12-2014	62.33
10-12-2014	61.35
11-12-2014	60.50
12-12-2014	58.65
15-12-2014	57.92
16-12-2014	55.91
17-12-2014	55.64
18-12-2014	56.30
19-12-2014	55.52
22-12-2014	56.90

OPEC daily basket price stood at $56.90 a barrel Monday, 22 December 2014

Last few days price action indicates Crude oil has found its bottom around 55 $.

I advise my blog readers for trading clues to take buy calls around 55 - 56 $level and buy on dips.
The price action structure seems to facilitate the price to reach next level of 61- 62 $. My understanding is that selling for short term gains might prove otherwise.Keep long and buy on dips.

call correction: No stoploss, if prices fall again buy/ add another lot at 54.30.

Tuesday, 23 December 2014

Buy call : stoploss 54.30 buy at 56.60 target 62.00 or till expiry

Buy call : stoploss 54.30 buy at 56.60 target 62.00 or till expiry

I am looking at 62 in few days