Trade Update

hmm.. what was going on last week? simple.. profits were seen on papers but not landed in my pockets.. whipsaws taken back the profits.. but can't help it..that's how the system was signalling after a good run up..what happened? let's look at it..

Trade details of 19th - 23rd July :

Crudeoil:

Had long@4367 on 18th and it made high of 4420 on 19th. On the 20th, it moved up till 4438 but later made low of 4333 and me reversed to shorts @ 4350. It beautifully bounced from lows to show 4400 again and closed at 4372.For the 21st July, my SAR was at 4430 but i was waiting it to clear previous day high of 4438 and it did clear that. So, obviously entered into longs at 4440. On the 22nd, it was a inside day and SAR was saved by mere 6 points and carried the longs for the weekend.

Today my SAR was at 4400 and it got hit at open itself and now carrying shorts with SAR at 4490.

Copper:

Reversed to shorts on 21st at 434.90 and again gone long@435.20 on 22nd July with SAR at 431.But it made high of 435.35 just 15 paisa above my buy. SAR hit at open today and holding shorts now with SAR at 436.00

Trade Update

Trade details of 19th July:

Crudeoil : Bought@4367. It made high of 4420 and closed at 4412. Carrying longs with SAR@4349.

Copper : Holding buy. Made high of 442.75 but closed at 440.40. Cleared 21Day high yesterday.SAR is placed at 436.20

Trade Update

Trade details of 18th July:

Crude oil:

Covered shorts@4245 as it was taking support there. No position in hand now. Will short it below 4200 or will go long above 4330.

Copper :

Still carrying long with SAR at 432.50