Yesterday the trade was thin due to Thanksgiving Day holidays starting from today as all banks are closed today and all data are on hold due to long weekend. Our buy @$1369 was on the dot and so was our sell of $1383. The market closing was lower than the previous day @$1372. Today I do not see any volumes. But still for today I recommend buying @$1365 and @$1369 with stop loss of $1362. Our selling price today is $1376 with stop loss of $1381.
Yesterday our forecast for crude oil was to break $83 barrier which it did with $84 as also contract was expiring for Crude Oil. Our buying price of $80.06 could not met. The crude oil inventory of US was also favorable to the prices. Today our buying price is $83.77 and selling occurs at $85.
Syed Arif
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