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Crude Oil Trader
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Author Crude Oil Trader
amitagg
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Joined: 01 Oct 2013
Posts: 4556

Post: #976   PostPosted: Wed Jan 03, 2018 9:48 pm    Post subject: Reply with quote

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
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Posts: 4556

Post: #977   PostPosted: Wed Jan 03, 2018 9:56 pm    Post subject: Reply with quote

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!
Laughing Laughing artist
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amitagg
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Posts: 4556

Post: #978   PostPosted: Wed Jan 03, 2018 9:57 pm    Post subject: Reply with quote

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!
Laughing Laughing artist

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
Laughing

( 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
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Post: #979   PostPosted: Wed Jan 03, 2018 10:03 pm    Post subject: Reply with quote

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
Laughing

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 artist


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



Laughing
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amitagg
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Post: #980   PostPosted: Thu Jan 04, 2018 10:21 am    Post subject: Reply with quote

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!
Laughing Laughing artist


Boom boom !!!!!!
Excellent start..... 2guns
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AMBY
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Joined: 05 Sep 2014
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Post: #981   PostPosted: Mon Jan 29, 2018 10:34 am    Post subject: Reply with quote

Crude at Resistance $ 66 ,
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amitagg
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Post: #982   PostPosted: Tue Jan 30, 2018 11:25 pm    Post subject: Reply with quote

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
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Post: #983   PostPosted: Wed Jan 31, 2018 7:46 am    Post subject: Reply with quote

Thanks. 2guns 2guns
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amitagg
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Post: #984   PostPosted: Fri Feb 09, 2018 10:54 pm    Post subject: Reply with quote

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!
Laughing Laughing artist

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
Laughing

( 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
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Post: #985   PostPosted: Wed Mar 14, 2018 1:53 pm    Post subject: Reply with quote

Crude has held its resistance zone of 4400 and 66 perfectly ... Next course to update later
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amitagg
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Post: #986   PostPosted: Wed Mar 14, 2018 1:56 pm    Post subject: Reply with quote

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

Laughing
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amitagg
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Post: #987   PostPosted: Wed Mar 14, 2018 2:01 pm    Post subject: Reply with quote

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

Laughing
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amitagg
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Post: #988   PostPosted: Wed Mar 14, 2018 2:06 pm    Post subject: Reply with quote

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
Laughing angel
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amitagg
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Post: #989   PostPosted: Wed Mar 21, 2018 10:44 pm    Post subject: Reply with quote

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
Laughing angel


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
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Post: #990   PostPosted: Wed Mar 21, 2018 10:51 pm    Post subject: Reply with quote

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

Laughing


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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