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Saturday, January 7, 2012

US DOLLAR INDEX / CRUDE OIL ALERT INITIATED ON 5 JAN 2012

US DOLLAR INDEX HAS TAKEN OUT THE RESISTANCE 81 ( push above 81 by the DXY will translate almost immediately into downward pressure for crude prices)

IN NEAR TERM WE MAY SEE US DOLLAR INDEX TESTING 82.68/83.48 ; STRONG SUPPORT IS @ 80.14/79

SELL CRUDE ON ALL RISES ABOVE 103 FOR TGT 101.88/101/ 97.05; SL - 104.60 ; IF STOP LOSS IS VIOLATED..THEN SELL ONCE AGAIN OR AVERAGE @ 105.90

CMP - 102.80

MCX TRADERS ALERT : ONCE AGAIN I REPEAT WE ARE EXPOSED TO **** IN NEAR TERM
CMP - 5445

Like ·  · Thursday at 9:33pm near Mysore, Karnataka

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