Thursday, July 30, 2009

Market View for 30th July

We have seen more some correction yesterday in base metals. Book partial profits as well. We can see some more downside from here. Being the expiry tomorrow we can see some volatility today and tomorrow.

Crude Oil as expected fell badly and even it broke the important support of 3115. We have booked profits in Crude as well. It is still weak and we can see more downfall. Exact levels only for clients.

We have booked profits in Gold & Silver as well and we have entered shorted on the very first sign. Some important levels are on the way so we need to see if they take support there or will break them this time.

Natural Gas as expected fell and met all targets intraday. This is power of picking up commodity at the start of a new trend. Its still weak for more downside. Exact levels only for clients...

What I believe in is - Trade less but trade good. There is no need to do 10-15 trades a day or trade everyday but when you trade you should make money. What matters is quality and not quantity. We are here to earn ourselves and we are not here to make our brokers rich..so join us and be on the right side of the market...Always !!!!

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