I honestly don’t know where the markets are heading next. I cannot predict where and when the top and bottom shall take place. But I learnt it hard way, what I should do "stay" or "quit" when price is traveling beyond my reference levels.

Wednesday, July 13, 2011

Trade Update

Trade details of 12th July:


Crude oil - Shorts from 4300 was in hand. price broken previous day low and went till 4190. But it bounced from 4190 and had to reverse shorts to long yesterday at 4265. It made high of 4330 later and closed at 4320. So, carrying long now with SAR at 4240.

Copper - Shorts from 431 was in hand. It made low of 427.50 yesterday but later had a bounce. Had to reverse the shorts to long at 434.25. It didn't move high but closed at 434.So, carrying long now with SAR at 429.75

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