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Wednesday, November 17, 2010

WHAT'S HAPPENING IN CRUDE OIL , COPPER & NATURAL GAS ?? IS IT THE TIME TO BOOK LOSS ??

.............................NO.............................. 


THERE ARE THINGS RUNNING IN MOST OF OUR PREMIUM TRADER'S MIND !! ARE WE TAKEN FOR A RIDE WITH OUR ADVISORY SERVICES ?? SHOULD WE BOOK LOSS ?? OR  BLINDLY HOLD LONG POSITIONS KEEPING FAITH ON OUR ADVISORY SERVICES ?? WHERE MIGHT BE THE SUPPORT FOR CRUDE ??
     HERE IS THE ANSWER :  AS PER OUR 20 POINT STRATEGY .. I SAY "MARKETS ALWAYS GO AGAINST PEOPLE EXPECTATIONS" .. THATS NOT THE ONLY THING .. THERE ARE OTHER FACTORS TOO .. NOW TREND TRADER'S HAVE COME OUT WITH A STRATEGY BY TAPE READING .. ANALYSING  & RECOGNIZING THE TREND !! 
              WE STILL REMAIN BULLISH ON CRUDE OIL FOR A TARGET OF 91.98$ ( I MENTION SOME TIMES AS TARGET - 92$)..
               TRADERS MIGHT BE WITNESSING MUCH VOLATILITY IN COMMODITIES MARKET FROM COUPLE OF WEEKS... WHY ?? THAT IS BECAUSE WE ARE ALMOST NEARING THE END OF THE YEAR 2010..DURING THE BEGINING OF THIS YEAR WE HAD GIVEN GOLD & SILVER TARGETS AS WELL .. BOTH MANAGED TO REACH OUR DESTINY(TARGET) BY MAKING HIGH'S..BUT WHEN IT COMES TO COPPER,CRUDE OIL & NATURAL GAS HAS FAILED QUITE A LOT OF ATTEMPTS TO ACHIEVE OUR GIVEN TARGET .. & NOW ONLY SHORT SPAN OF TIME IS LEFT .. & TREND TRADER'S GIVEN TARGETS SHOULD  HIT THE MARK !! SO HERE ARE FEW POINT'S :


CRUDE PREVIOUS MONTH LOW WAS  79.86$ BEFORE IT MADE A HIGH OF 88.16$... OUR GIVEN TARGET FOR THE YEAR IS 92$ (91.98) / 95$ (94.26) ... HERE ARE FEW FACTORS WHICH NEEDS TO BE DIGESTED .. CONSIDERING THE PREVIOUS LOW & FORE SEEING OUR GIVEN TARGET 92$ WE CAN ASSUME THAT CRUDE IS TAKING SUPPORT SOME WHERE AROUND 80.86$... BUT TODAY'S NEW LOW 80.56 DOESNT MEAN IT HAS BROKEN THE SUPPORT RATHER ITS JUST AN PANIC SELLING FROM 80.86$ IT FELL BY 30 CENTS..AND ALSO BEFORE MAKING A NEW HIGH THE PRICES ACTS LIKE A "SPRING" !! A STEEP FALL IN  SHORT TIME & THEN ?? ITS A BOUNCE >> TOWARDS 92$.. 


                        THERE ARE SLIM CHANCES OF CRUDE MAKING A HIGH OF 95$ BEFORE THE YEAR END!!  BUT IT SHOULDN BE TAKEN FOR GRANTED >> 


                        FROM HERE FEW TRADERS MAY START THINKING SMART ..CRUDE MIGHT TEST 76$ ON THE DOWNSIDE & THEN 95$ ON THE UPSIDE .. BUT AS PER THE RETRACEMENT STRATEGY A CRACK BELOW 78.02$ IS 'NT HEALTHY & IF IT HAPPENS SO THEN CRUDE OVERALL TREND WILL BE REVERSED & REMAIN BEARISH  FOR A LONG TIME .. WHICH IS NOT POSSIBLE AS PER PRESENT ECONOMIC CONDITIONS ..
     " markets always goes against traders expectations"
COPPER TREND : BULLISH 
NATURAL GAS TREND : BULLISH
CRUDE OIL TREND : BULLISH
SILVER TREND : BEARISH 
GOLD TREND : BEARISH

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