Wednesday, January 26, 2011

Commodity Crude Oil Trading Tips


This counter last week shown weakness as we expect & mention that due to expiry its moving one sided. Now from this week keep your eyes on level of 4063, once can keep buying around this level, with same strict stop loss. 

Down side strong support looks around 4020-3970. Only below 3970, you can think that this counter going to down trend. We are expecting its opportunity to buy on lower level. 

Now today keep your eyes on opening level of 4121, if it open above this level, you can keep buying and if it opens below 4092, you can keep shorts in your hand. Over all it's moving in bearish zone keep buying on support level for good returns.

Last trading session shortly down trend in this counter and selling pressure at up side 4070.00 level below continuous down trend in this counter and low side touch at 3895.00 level and break below touch at 3835.00 level touch sell at only 4070.00 below sell position hold and wait at low side levels..........

This counter yesterday shown weakness as we expect & mention. As well as we wrote that its good opportunity to buy on deep. 

Now keep your eyes on level of 4006, if it maintain above this level, you can keep buying with stop loss of 3970 till target 4190 very soon. And below 3970 strictly exit. Today it will face resistance 4080-4120 & support 3970-3915.

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