Thursday, November 12, 2009

Trading Today 12th Nov 2009

Tomorrow is Friday the 13th, an unlucky day according to Western superstition.

I think that some products will have big corrections soon, probably around today or Friday.

Sell gold at 1121 - 23. Cutloss above 1124 - 25. The resistance is around 1124 - 26 level. The targets are 1103 – 1096 – 1083 - 1075 in a few days’ time.

Sell Dow Jones Futures December contract at 10.270 - 90. Cutloss above 10.315. Target at 10.160 - 10.130 - 10.060 level

Sell Eur/Usd at 1.5045 - 60. Cutloss above 1.5070. Target 1.4930 - 1.4855 which should be reached in a few days’ time.

Sell Crude oil December contract at 80.90. Cutloss above 81.30. Target 77.60 - 76.30 - 73.60 which should be reached over the next few days.

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