Sahil Rohmehtra
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Precious Metal and Crude

Sahil Rohmehtra at 06:09 PM - Jan 23, 2016 ( ) Views: 638

23.1.15 -

Short Gold M 2 lots at Current Level of 26168 with a SL of 26665 for targets 25697 & 25413 - Risk approx 500 points for targets of approx 470 and 670 points. On break of 25955 add another lot for same targets. Timeline approx 2 weeks. 

Long on Crude @ current levels of 2108 with a SL of 1897.22 for targets 2218/2375/2457 - Risk approx 200 points for targets approx 110/200/300 levels. 

Note : This is my first attempt at commodities and I am paper trading this myself. Please trade accordingly. 


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Sahil Rohmehtra at 07:23 PM - Jan 27, 2016 ( )

Gold gapped up - hitting SL losing 500 points per lot. Crude still open. 

Sahil Rohmehtra at 03:04 AM - Jan 26, 2016 ( )

GoldM closed @ 26385 making a high of 26444. SL of 26665 still in place. Gold made a low of 26216 therefore no target hit. Currently @ Notional Loss of 217 points! Still with 2 lots short @ 26168

CrudeM Closed @ 2104 making a high of 2227 hitting Target 1 of 2218!. Realized gains of 110 points! on 1 lot and currently holding 2 lots long @ 2108 with a SL of 1897.

Crude gapped up and then closed lower - in the process forming a dark cloud cover on daily which is a bearish reversal. However longer term indicators reflecting strength in the underlying, therefore I still maintain the position as long and believe any weakness in short term likely to pave way. 

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