Thursday, July 18, 2013

sell crude- trading at double top-low risk

[×] [o] Admin: speculative trade as weekly double top here


18 Jul 13, 08:11 PM


[×] [o] biplab: i think SHORTING after a bit distribution can be a good idea


18 Jul 13, 08:20 PM


[×] [o] Admin: ya going 15 point down and 40 points up in each swing


18 Jul 13, 08:21 PM


[×] [o] Admin: tomorrow is expiry so firing is on


18 Jul 13, 08:22 PM


[×] [o] Admin: but distribution is going on at 6440 45


18 Jul 13, 08:23 PM


[×] [o] Admin: so selling at 6440 is less riskier


break in momentum …supply is here …perhaps   profit booking may emerge here ..


last week also reversed from this level


keep stop loss   at 6461


if trading in qty ..book 50 to 60 % gains at 10- 15 points and sell again at swing highs


crude weekly


18 Jul 13, 08:23 PM


[×] [o] Admin: and if reversed we may see it at or below 6k


 




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sell crude- trading at double top-low risk

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