Friday, May 30, 2014

PAPER TRADE OF THE DAY 30.05.2014

SHORT 1000 deltas of Crude oil at 102.71
Stop: 105.22
Target 1: 99.25... 300 deltas (weekly support)
Target 2: 96.25... 400 deltas  (in between target)
Target 3: 92.25....300 deltas (monthly support)

WHY: Simply because gold and silver are testing lows however crude is hanging on the highs of the past weeks.
Gold/Oil ratio is on the low side .

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