As commodities keep falling which is indicator for slowing growth across the Globe and it's alarming for stocks as well hence we got our Crude Oil buying level easily and end of the day it was positive and likely to achieve our target today simultaneously our other trades like Selling Usd/Jpy and Cad/Jpy were also positive at closing and expected to achieve target today meanwhile Stocks especially Dow is flirting around all time high second time in last 5 business days on very positive outlook and strong data fro US ignoring budget cuts which is threatening fast economic recovery.
Following are trade calls for today,
Following are trade calls for today,
- Buy Eur/Usd at 1.3020 stop below 1.2970 target 1.3130
- Sell Nasdaq at 2775 stop above 2790 target 2748
- Sell Dowjones at 14145 stop above 14210 target 14030 or open
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