SELL CRUDE AT 3760-3770 SL ABOVE ???? TARGET 3720-3690 WWW.SURESHOTFORMULA.COM

BASEMETAL’S TRADING UPDATE

BASEMTAL’S ARE TRADING WITH NEGATIVE BIAS FOR LAST FEW DAYS…

NOW WE HAVE SEEN DECENT FALL IN ALL BASEMETAL’S(IN TUNE OF 5-12%)

WE SAW COPPER COMMING DOWN FROM 421.50 TO 399.50

LEAD FROM 138.40 TO 122.70

NICKEL FROM 900 TO 817

ALUMINIUM FROM 125.60 TO 112.20

ZINC FROM 154.35 TO 141.75

THEY HAVE GIVEN HUGE CORRECTION IN LAST FEW DAY’S

AND NOW STANDING CLOSER TO THEIR WEEKLY SUPPORT LEVEL’S.

NO COMMODITY CAN KEEP ON MOVING IN ONE DIRECTION FOREVER AND NEED TO TAKE SUPPORT AND RESISTANCE AT A PARTICULAR LEVEL.

BY LOOKING AT THE CHARTS OF BASEMETAL’S

AND THEIR ADJACENT WEEKLY SUPPORT WE MAY SEE A BOUNCEBACK FROM THIS LEVEL.

BUT

WE NEED TO BE VERY CAREFUL WITH THE BOUNCE BACK…AND ON OTHER HAND IF BASEMETAL’S MANAGE TO BREAK BELOW THEIR WEEKLY SUPPORT LEVEL’S WE MAY SEE HUGE DECLINES IN COMING DAY’S WHERE PRICES OF BM’S CAN COME DOWN 8-25% DOWN IN COMING DAY’S.

I AM GIVING BELOW TENTATIVE LEVEL’S IN BM’S IN CASE THEY BREAKDOWN BELOW THEIR WEEKLY SUPPORT LEVEL

COPPER CAN GO DOWN TILL 332

LEAD CAN GO DOWN TILL 98-95

NICKEL 723

ALUMINIUM 104-88

ZINC 125-116-107

I ADVICE EVERYONE TO TAKE THIS VERY SERIOUSLY AND USE TIGHT SL’S WHILE TRADING BM’S ON BUY SIDE.

IN CASE BM’S ABLE TO SUSTAIN THEIR LOW’S WE MAY SEE THEM BREKING THEIR RECENT HIGH’S. SO KEEP SL AND TRADE ON LONG SIDE FOR NOW.

REGARD’S

SURESHOT FINANCIAL SERVICES

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