Monday 27 November 2017

NYMEX: WTI Crude Analysis 27-Nov-2017

30-Nov-2017
If Crude supported by 56.77, and a break of 58.35, we will see 58.93/59.22/60.76.
Can buy Crude at cmp 57.44 or above 58.35 with max sl 56.73 for the above TGTs.


28-Nov-2017
CMP: 57.86
RES: 58.55/58.89.
Can we make a new low to start the next up move.

Sellers max sl 58.55, TGTs: 57.45, 56.98.

Wave B of 1 and  3 retraced Wave A by 50%. Can we expect the same with W B of 5? If so, we can see min 57.45 n further 56.98$.

Thanks.


27-Nov-2017
CMP 58.69
Res: 59.03
Sup: 54.83

Based on Daily chart, as long as 54.83, supports, we can see 62$.



Based on Hourly Chart, If Crude resisted by 59.03, We can see 58.15, 57.33-56.93.


Long Term View:
Expecting a big fall from 62$ level towards 26/21$.

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