Upward stop hunt moves in Gold and Crude oil …
As we read the intentions of the operators we have witnessed the quick rise in Gold and Crude oil.Now the operators are holding high and making upward stop hunts inducing traders to do the short covering and turning long in them before the drop they intend to make from tomorrow onwards.They made the downward stop hunt on Monday and now upward stop hunt on Tuesday.Then wednesday they intend to slide and make their intentional move -i.e. they wanted to take sell positions and higher levels now and then slide for the technical traders to find the pivot points and supports and take long positions in them and then they will slide more and more to induce the long holders to sell in distress at lower levels.This is typical wide range swing moves to hit the stops eitherway .Higher level buys and lower level sellers will find they are trapped.
Watch and understand their act and how they effectively use media and free forecast analysis to misquide the traders and try to find the true picture of the market to make sensible trades and earn.
Regards
Dr.Sivaraman
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