Saturday, May 30, 2009

Trade summary for 29th May

Base metals expiry was done yesterday so we will start trading in them from Monday depending on the trend.

Crude reverse position against the trend was initiated to short between 3132-3142 for intraday targets of 3100/3070 & low made 3075 after that.

Natural Gas resistance was 192.7 so Natural Gas fresh shorts were made at 192.6 SL 195 for intraday targets till 186 and all target met intraday only. Infact the new day low 181.1 made after my call & closed almost at day's low.

As mentioned earlier that Silver is in uptrend and in Silver we were long since 22960 & yesterday also as I mentioned 23681 was resistance so bought above 23681 for 23840 & 24000. Both the targets met intraday.

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