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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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Post: #976  Posted: Wed Jan 03, 2018 9:48 pm Post subject: |
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| amitagg wrote: | Both copper and lead trending opposite direction and as initially posted for short and long trade respectively
However had exited copper yesterday as posted
Now added up on lead .....taken at 163
SL revised to 161.5
(more defined or refined SL is 160.5 if trading a lot or two)
CMP 163.5 |
Exited at cost all |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #977 Posted: Wed Jan 03, 2018 9:56 pm Post subject: |
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| amitagg wrote: | Crudee is reaching important resistance where shorters shall be punished .....since it has to look bullish and is bullish being early in time
CMP 3890 high 3903
It WILL touch 3945/3990 ( few points filters )
So tomorrow inventory possibilities
It falls back to 3850/3825 if bad and then would rise again to above 3870/3900 quickly
Inventory good and it's holding 3900-3917 levels in morning / evening trades tomorrow .... Then just after inventory it can hit 3945/3990
Overall it would not fall below 3770 before touching above levels
So just watch for big trigger above current high possibly .... And hold
All prognosis built in including PAST PRICE ACTION game which would repeat itself
However we (should) take trades only on system trigger.......
For instance for this week we buy above 3910 for 3945 /3990 target
Good luck and let's hope we don't miss the action due to gaps ...... |
Now for few days would only trade crude since it's into range of 100-150 points and committed price action repition behaviour expected near an IMPORTANT resistance of 4000 ( obviously 4300/4400 would be maximum extent of the wave from sub 3000 levels and again an important 65-66 USD resistance on Nymex in past few years ...... Don't miss!
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #978 Posted: Wed Jan 03, 2018 9:57 pm Post subject: |
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| amitagg wrote: | Crudee is reaching important resistance where shorters shall be punished .....since it has to look bullish and is bullish being early in time
CMP 3890 high 3903
It WILL touch 3945/3990 ( few points filters )
So tomorrow inventory possibilities
It falls back to 3850/3825 if bad and then would rise again to above 3870/3900 quickly
Inventory good and it's holding 3900-3917 levels in morning / evening trades tomorrow .... Then just after inventory it can hit 3945/3990
Overall it would not fall below 3770 before touching above levels
So just watch for big trigger above current high possibly .... And hold
All prognosis built in including PAST PRICE ACTION game which would repeat itself
However we (should) take trades only on system trigger.......
For instance for this week we buy above 3910 for 3945 /3990 target
Good luck and let's hope we don't miss the action due to gaps ...... |
Now for few days would only trade crude since it's into range of 100-150 points and committed price action repetition behaviour expected near an IMPORTANT resistance of 4000 ( obviously 4300/4400 would be maximum extent of the wave from sub 3000 levels and again an important 65-66 USD resistance on Nymex in past few years ...... Don't miss!
Crude CMP 64.4 ( 64.7) near to 65-66
Crude CMP 4070 high 4123
Expect 4180 immediately
max INR 4300-4400 would mean Nymex would extent to 70
Or max 66 Munoz would mean crude would top 4200
Confirmation sell below 3950
Please note 3950 level and with filter watch that only for long term ( few months) bearishness calculate equi Nymex
( I would just save and watch this post play out over the next six months)
So one recourse is rise to 4200-4300 and then fall to 4000 level as my most probable scenario for next for trades.....
For very short term next week DO NOT SELL
Last edited by amitagg on Sat Jan 13, 2018 10:24 pm; edited 1 time in total |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #979 Posted: Wed Jan 03, 2018 10:03 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | If inventory is "worse" than "Positive deletion" of 5.5 M by API
Then we would see crude touching 3635 and Lower
CMP 3670
Low 3662
Trade big------ if
after inventory its above 3670 and
SL below day's low can be placed if low around 3650-3660 by that time
For above target and lower
Otherwise if it holds 3660 levels it can hit 3708 and if this resistance is cleared twice then 3735/54 again
.... More certain of downtrend if inventory is worse than ApI figures
..... Less certain of uptrend beyond 3708 even if it shows bullishness
Enjoy. ( with suitable SL in place and ability to bear the loss if it happens) ....since won't be able to update or post live
Just a general comment ( not related to above intra day trade posted)
Crudee... Is behaving well....for positional.... Only thing is my target for the bigger move happening since some weeks was 3970 /4000 and it reversed around 3800....so is there still to go up Or uptrend is done and we hit 3500/3330 back |
3635 hit |
Read with post below please remember I have given this level of 3970/4000 in Dec 6 post when CMP was 3670 as "my technical target"........ So crude would top out in 3950-4400 range ! For few months / years
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #980 Posted: Thu Jan 04, 2018 10:21 am Post subject: |
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| amitagg wrote: | | amitagg wrote: | Crudee is reaching important resistance where shorters shall be punished .....since it has to look bullish and is bullish being early in time
CMP 3890 high 3903
It WILL touch 3945/3990 ( few points filters )
So tomorrow inventory possibilities
It falls back to 3850/3825 if bad and then would rise again to above 3870/3900 quickly
Inventory good and it's holding 3900-3917 levels in morning / evening trades tomorrow .... Then just after inventory it can hit 3945/3990
Overall it would not fall below 3770 before touching above levels
So just watch for big trigger above current high possibly .... And hold
All prognosis built in including PAST PRICE ACTION game which would repeat itself
However we (should) take trades only on system trigger.......
For instance for this week we buy above 3910 for 3945 /3990 target
Good luck and let's hope we don't miss the action due to gaps ...... |
Now for few days would only trade crude since it's into range of 100-150 points and committed price action repetition behaviour expected near an IMPORTANT resistance of 4000 ( obviously 4300/4400 would be maximum extent of the wave from sub 3000 levels and again an important 65-66 USD resistance on Nymex in past few years ...... Don't miss!
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Boom boom !!!!!!
Excellent start.....  |
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AMBY
Yellow Belt
Joined: 05 Sep 2014
Posts: 503
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| Post: #981 Posted: Mon Jan 29, 2018 10:34 am Post subject: |
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| Crude at Resistance $ 66 , |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #982 Posted: Tue Jan 30, 2018 11:25 pm Post subject: |
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Yes and at 4200/4100 rally is complete
4400 MCX Big resistance and should hold for months to come ( in my view)
Short below 4090 to 4045
CMP 4110 |
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AMBY
Yellow Belt
Joined: 05 Sep 2014
Posts: 503
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| Post: #983 Posted: Wed Jan 31, 2018 7:46 am Post subject: |
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| Thanks. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #984 Posted: Fri Feb 09, 2018 10:54 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | Crudee is reaching important resistance where shorters shall be punished .....since it has to look bullish and is bullish being early in time
CMP 3890 high 3903
It WILL touch 3945/3990 ( few points filters )
So tomorrow inventory possibilities
It falls back to 3850/3825 if bad and then would rise again to above 3870/3900 quickly
Inventory good and it's holding 3900-3917 levels in morning / evening trades tomorrow .... Then just after inventory it can hit 3945/3990
Overall it would not fall below 3770 before touching above levels
So just watch for big trigger above current high possibly .... And hold
All prognosis built in including PAST PRICE ACTION game which would repeat itself
However we (should) take trades only on system trigger.......
For instance for this week we buy above 3910 for 3945 /3990 target
Good luck and let's hope we don't miss the action due to gaps ...... |
Now for few days would only trade crude since it's into range of 100-150 points and committed price action repetition behaviour expected near an IMPORTANT resistance of 4000 ( obviously 4300/4400 would be maximum extent of the wave from sub 3000 levels and again an important 65-66 USD resistance on Nymex in past few years ...... Don't miss!
Crude CMP 64.4 ( 64.7) near to 65-66
Crude CMP 4070 high 4123
Expect 4180 immediately
max INR 4300-4400 would mean Nymex would extent to 70
Or max 66 Munoz would mean crude would top 4200
Confirmation sell below 3950
Please note 3950 level and with filter watch that only for long term ( few months) bearishness calculate equi Nymex
( I would just save and watch this post play out over the next six months)
So one recourse is rise to 4200-4300 and then fall to 4000 level as my most probable scenario for next for trades.....
For very short term next week DO NOT SELL |
Crude worked the resistance..AY Nymex 66-68..and fell ( as expected for months movement ) CMP 3820
3770 is a decent support level in short term for it to gyrate between 3770 and 3900/3960 |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #985 Posted: Wed Mar 14, 2018 1:53 pm Post subject: |
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| Crude has held its resistance zone of 4400 and 66 perfectly ... Next course to update later |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #986 Posted: Wed Mar 14, 2018 1:56 pm Post subject: |
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Copper CMP 454 April contract
COPPER shall HIT 480 /484 and not hit 430
It can hit 438-441-451 many times ( as already done)
Big consolidation before move up pending..... For most metals
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #987 Posted: Wed Mar 14, 2018 2:01 pm Post subject: |
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Nickel CMP 902 March contract
NICKEL shall HIT 964 and should or may go to 1024
841 stop loss ( 900 filter 915/920 above resistance broken ; 900 filter 885 /882 very short term sell level to 860) don't try to short though
Big consolidation before move up pending..... For most metals
Buy above 920 ... With ease
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #988 Posted: Wed Mar 14, 2018 2:06 pm Post subject: |
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Silver and gold consolidating ....for weeks / months
Unlike metals direction not Entirely clear however
MAY rise and break to higher levels ( corrective rises and small rally possible)
Silver 38900 CMP
For VERY short term MAY buy above 39380 to target 39680/40000
Or buy 38450 stop 38000 target 38750/39150
Or buy 38740 stop 38000 target 39370
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #989 Posted: Wed Mar 21, 2018 10:44 pm Post subject: |
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| amitagg wrote: | Silver and gold consolidating ....for weeks / months
Unlike metals direction not Entirely clear however
MAY rise and break to higher levels ( corrective rises and small rally possible)
Silver 38900 CMP
For VERY short term MAY buy above 39380 to target 39680/40000
Or buy 38450 stop 38000 target 38750/39150
Or buy 38740 stop 38000 target 39370
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As can see 38000 stop has held extremely well over the past many days since last post
After FED is done and if it crosses 39175....... Expect 40000 ( DO take the trade)
Below 38000 is dicey...
CMP 38650 |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #990 Posted: Wed Mar 21, 2018 10:51 pm Post subject: |
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| amitagg wrote: | Copper CMP 454 April contract
COPPER shall HIT 480 /484 and not hit 430
It can hit 438-441-451 many times ( as already done)
Big consolidation before move up pending..... For most metals
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Copper still continue to hit 441-438 and rise to 448
Let's see with FED
In critical time zone now.... Breaking 435 would be bad......
Metals showing astonishing move in given levels for weeks and months and same pattern being repeated 'repeatedly'.....
Now a direction is very near so posting
Buy 444.5 target 448/451 ( after today)
Buy 454 target 460
CMP :443.4 |
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