BASEMETAL’S INTRADAY/SHORT TERM UPDATE: WWW.SURESHOTFORMULA.BLOGSPOT.COM

BASEMETAL’S INTRADAY/SHORT TERM UPDATE

CHINA IS NOT OUT OF WOUND AND WORST IS YET TO COME FOR WORLD MARKETS.
WE SAW SOME SHORT COVERING IN BM’S(SPECIALLY COPPER) AND THATS BECAUSE THERE WERE HEAVY SHORT’S IN LAST CONTRACTS WHICH GOT ROLLED OVER TO PRESENT ONE….SPECIALLY IN ZINC AND NICKEL.
I STILL ADVICE TO STAY SHORT ON BM’S AS THEY HAVE NO SIGNS OF EARLY REVERSAL AND WE MAY SEE 238 LEVEL’S IN COPPER(YOU MAY CURSE ME OR THINK I AM BIG FOOL TO WRITE SUCH LEVEL’S WHICH ARE PRACTICALLY OUT OF SIGHT FOR NOW)IN COMING MONTH’S
CHINA IS BIGGEST(40% OF TOTAL COPPER PRODUCTION) CONSUMER OF COPPER AND IF CHINESE ECONOMY MAY COLLAPSE WE WILL SEE HUGE DECLINE IN ALL COMMODITIES WHICH WILL BE UGLY.
SO BE CAREFUL AND RESPECT YOUR STOP-LOSSES AND DONT DONT DONT PLAY WITHOUT PROPER KNOWLEDGE AND STOP-LOSS BECAUSE IT MAY WIPE-OUT YOUR ENTIRE CAPITAL IN ONE DAY.

DONT BELIEVE SOMEONE BLINDLY …GAIN SOME KNOWLEDGE DO SOME RESEARCH BEFORE YOU ENTER IN ANY POSITION AND PLACE A VERY STRICT SL AS PER YOU RISK PROFILE.

THANKS AND REGARD’S
SURESHOT FINANCIAL SERVICES

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