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Crude Oil Trader |
amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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Post: #586  Posted: Tue Mar 01, 2016 2:46 am Post subject: |
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As per budget options coming in commodities
Shall be magnificent |
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AMBY
Yellow Belt
Joined: 05 Sep 2014
Posts: 503
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| Post: #587 Posted: Tue Mar 01, 2016 8:08 am Post subject: |
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| Good for hedging your trade. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #588 Posted: Wed Mar 02, 2016 6:24 pm Post subject: |
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Hi it's now getting close to climax..... A decisive breakout within next few days.......
2295 was My touch point .... Have managed to survive around that in a range......
There is nap eave resistance at 2400-2450 BUT still those levels mean bullish crude although intraday reaction WILL come from those levels
Cmp 2300 approx
Below 2235/ 2258 is a breakdown of sorts.......
Can sell below 2280 intra day and buy above 2345..... For quick points |
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pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
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| Post: #589 Posted: Wed Mar 02, 2016 7:22 pm Post subject: |
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| amitagg wrote: | Hi it's now getting close to climax..... A decisive breakout within next few days.......
2295 was My touch point .... Have managed to survive around that in a range......
There is nap eave resistance at 2400-2450 BUT still those levels mean bullish crude although intraday reaction WILL come from those levels
Cmp 2300 approx
Below 2235/ 2258 is a breakdown of sorts.......
Can sell below 2280 intra day and buy above 2345..... For quick points |
Above 2400, it should give 100 point bull run and upward from thereon.
Below 2100, it should fall to around 1950 levels...But for this to go downward, it should not clear resistance around 2475-2500 levels this month |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #590 Posted: Wed Mar 02, 2016 9:19 pm Post subject: |
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| Despite a 10 million inventory figure it refuses to move away from 2292 since past 20 mins ..... Will break come or not.... |
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AMBY
Yellow Belt
Joined: 05 Sep 2014
Posts: 503
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| Post: #591 Posted: Wed Mar 02, 2016 9:23 pm Post subject: |
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| Iwant be surprised if crude moves likes nifty. |
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udaysahai
White Belt
Joined: 01 Feb 2011
Posts: 105
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| Post: #592 Posted: Fri Mar 04, 2016 10:56 pm Post subject: |
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Amitji, do you have any views on Natural Gas?
thanks and best... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #593 Posted: Sat Mar 05, 2016 5:21 pm Post subject: |
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| udaysahai wrote: | Amitji, do you have any views on Natural Gas?
thanks and best... |
Commented above
Last edited by amitagg on Sat Mar 05, 2016 5:22 pm; edited 1 time in total |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #594 Posted: Sat Mar 05, 2016 5:21 pm Post subject: |
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| amitagg wrote: | | udaysahai wrote: | Amitji, do you have any views on Natural Gas?
thanks and best... |
I Don't trade IT
True 111 is big support and if your are long definitely go for it with risk management
It has already deceived into falling below 113-118 by a bit and hence the trap is over.... And longs can e taken ....
Just speaking from memory
After that 83-91 can be hit ....
I would go for longs and right now! With proper SL ( in absence of detailed chart reading cannot pinpoint the stop ) |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #595 Posted: Sat Mar 05, 2016 5:29 pm Post subject: |
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Crude already broken NR 7 up and went long near 2400 levels ( after a filter) .... To be with trend
Waves still do not suggest clear impulse bullish moves but have to go with system
Entry price is high but thats it
It's clearing ichimolu cloud and if does convo got it's bullish
It can test gann resistance at 2500
It can move EW wave 5 up and complete larger C wave ip ( since current move for me is corrective of declining move)
PIvor's shall be up and support it....
Multiple resistances in 2500-2500 area
For some ( EW counts) this is top and move down to 2000 levels quite possible ( however since above 2293 my pivot point I am long) that 2280 can be used as stop for positional players
Let market move and decide what it wants to give us ( if at all anything)
Keep track of trend on 30tf
Hope clarified better this time
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udaysahai
White Belt
Joined: 01 Feb 2011
Posts: 105
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| Post: #596 Posted: Sat Mar 05, 2016 9:33 pm Post subject: |
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Thanks Amitji for all the details...
best regards... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #597 Posted: Mon Mar 07, 2016 6:34 pm Post subject: |
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Have booked 50 percent at 60 points
Shall reinstate position at 2385/2393 levels
Cmp 2460 |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #598 Posted: Mon Mar 07, 2016 9:09 pm Post subject: |
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| amitagg wrote: | Have booked 50 percent at 60 points
Shall reinstate position at 2385/2393 levels
Cmp 2460 |
Reinstated buy at 2488 . Target 2527.
Circuit at 2501
Cmp 2496
let's see |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #599 Posted: Mon Mar 07, 2016 9:10 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | Have booked 50 percent at 60 points
Shall reinstate position at 2385/2393 levels
Cmp 2460 |
Reinstated buy at 2488 . Target 2527.
Circuit at 2501
Cmp 2496
let's see |
Stop for 50 percent reinstatement is at 2450 |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #600 Posted: Mon Mar 07, 2016 9:12 pm Post subject: |
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| Just when posted circuit hit.... Shall square off 50 percent at any level above 2515....let's see... And have kept balance TSL at 2470 ( 70 points profit) |
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