Saturday, 16 January 2016

Commodity - My Strategy Updated 17 Jan 2016

I have booked all long positions in gold at 26200....and feeling very happy that I decided to book it in time....

Now I have short positions at 26200 and I will add more at 26340-26350 for the target of 25090-25000....yes 25090-25000....

First TGT 25710-25665 then it will retrace back till 25870-26000 and then it will fall to above targets....

But if on its way to 26000, if  Gold cross 26260 with volume I will buy....Still long term TGT 32790 is intact

My positions will be - I have sold and will cover 50% near 25910...buy 50% at 25910 sell near 26000 and sell near 26000 for TGT near 25710


I will add more short positions at 26000....and 25500 (First TGT 25710-25665)

Zinc

 Zinc I have long positions  at 97 and will add more long at 98.65 and 97.30 for TGT 109+ with SL 96.50

Lead

I have long positions and will cover it at 112.50 and 113+....I will add more long till 105 with SL below 104

Copper

I have long positions and will cover at 305-309+ ....I will add more long positions without any SL will add more at 287 and 285

I have also sell positions in copper taken long back for target of 280but it will take time

Crude

I am expecting crude to bounce back at least near 2250 levels so I have added more long positions in it with stop loss below 1980...

But if crude break 1970 then I will go short for targets near 1600...

NG...

I have short positions and will cover all at 135....I will go long at 135-133 for target of 143-146-149