Hi Sujith,
I just came online...what is yr suggestion ? Can I still short at this price or I should wait now ?
Thanks
I no its very simplistic but I always veer towards a sell off on Fridays.
Sell below 835, target 824...
Ok, now that price has broken below and now pulled back, short @ 834, stop 836, target 828,824
Gustav is getting close to gulf of maxico and likely to hit on tuesday early morning...
don't you think this will push up the crude and gold price higher ?
Anyone asking for silver call ?
Actually i didnt check silver even once today. 🙂 .
But i liked silver giving full targets last 2 times 😀
crude creeping up here....
u guys still holding onto ur shorts?
gold sems very undecided
maybe in next hr it will foloow crude...?
crude creeping up here....
u guys still holding onto ur shorts?
gold sems very undecided
maybe in next hr it will foloow crude...?
Gold managed to break the descending trendline, and needs to hold above, but i think with crude up, this should be not the problem...
threatening to break another two trendlines, the one up from yesterday and the one down from yesterday, but still under both...
sujit, another chance to short?
stoploss is 839 $.
on to the try... hopefully it´ll break the descending trendline from today again...
a random thought:
845/850 was the key tech level that we broke below this month that did huge damage (at least thats what i thought) to the bull trend.
But that level dates back to the 1980 high, and therefore to use it properly we need to look at a chart starting from the beggining of the 70s bull run.
A chart with that long timeline would require a monthly chart, not daily or weekly.
So only MONTHLY close below the level is really relevant...?
Or am i just talking nonsense?
