CRUDE OIL ANALYSIS FEBRUARY 2021

ANALYSIS 01-Feb-2021

CMP: 52.47; SUP: 33.63

Based on Weekly chart,

As long as 33.63 holds support, we will see 70.86, 79.65, 93.87, 99.30...

Crude: Can we see more down? Support 52.12. 30-Jan-2020

CMP: 52.8; Res: 54.38/59.64; Sup: 52.12
If crude breaks 52.12, we can see 51.38-49.43 first and further 48.22, 46.28-45.07.

Crude Analysis 28-Jan-2020

CMP: 53.16; Sup: 52.46/52.12; Res: 53.51
Break of 53.51, we can see 53.83-54.16 first and further 54.68-54.88.

Crude: Are we nearing bottom? 26-Jan-2020

CMP: 54.38; Sup: 53.85; Res: 55.95/59.65/65.65
Crude has done min tgt on the downside at 53.85.

As of now still some down side left but we are at the tail end.
If 55.55 resists, we can retest 53.85 and further 53.41, 52-51.38 as extension.

Crude View 24-Jan-2020

CMP: 55.85; Res: 56.05; Sup: 54.75

Below 55.71, can see 55.49, 55.25.

Above 56.05 short term bullish.

Crude: Short Term Up after some correction? 20-Jan-2020

CMP: 59.17; Res: 59.64; Sup: 59.05
As long as 59.64 resists, we will see 58.77, 58.5, 58.22-58.02.
Best sell entry 59.34-59.5, with max SL 59.65.
Break of 59.65, more upside can be seen.

Crude: Can we some upside towards 58.5 INTRA? 14-Jan-2020

Crude: Can we some upside towards 58.5?
CMP: 58.08; Sup: 57.88; Res 58.5
I expect some upside towards 58.5, as long as 57.89 holds support.

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$.

NYMEX: WTI CRUDE Analysis 03-Nov-2017

03-Nov-2017
CMP: 54.8
Res: 55.02/55.21
Sup: 53.89
Base supports: 51.9/50.85

As long as 55.02/55.21 resists, we can see 53.89 again and further 53.7-55.56, 53.16-53.03, 52.89-52.69.

Crude Analysis 08-Oct-2017

CMP 49.29
Res: 52.83(.89)/55.01(.21)
Sup: 45.58(.55)/42.08/39.24(.21)/26.04(.05)

DOWN TREND SCENARIO:
Based on Weekly Chart,
As long as Crude resisted by 52.83, I expect to see 45.58 again and further 39.86 (Other targets on the down side 31.85/29.96/26.04/22.62/18.88). Break of 45.58/42.08 needed for big fall.

Based on 4H chart,
Res: 52.83(.89)/51.19(.21)
Sup: 45.58(.55)
As long as the above resistances resist, I expect to see 48.35-48.25 first and further 47.7-47.56/46.43-46.38, 46. Break below 45.58, we can see a move towards 39.86 and more.

Based on 15m Chart,
Res: 49.55 (small res)/50.80/51.19(.21)
Sup: 49.08
If crude resisted by 49.55, we can see 48.84 soon.

Based on 1m Chart,
Res: 49.4
Sup: 49.28/49.08
If crude resisted by 49.4 we can see 49.18/49.06/48.99/48.84.

Note: Smaller/Micro tf's are not reliable. Just wanted to have look at micro tf. let us watch.


PREVIOUS ANALYSIS:
https://www.linkedin.com/pulse/crude-analysis-01-oct-2017-arockia-chinnappa-raj-k/
https://www.linkedin.com/pulse/crude-analaysis-06-oct-2017-arockia-chinnappa-raj-k/

DISCLOSURE: I do not have any positions outstanding in any of the recommended shares/commodities either in my or my family members' trading accounts.

Crude Analaysis 06-Oct-2017

CMP: 50.75
Res: 51.21/52.89
Sup: 49.76

As long as crude resisted by the above resistances, I expect to see 49.76 and more down.

My Strategy: Sell crude on rise as long as the above resistances hold.

Positional Analysis:

https://www.linkedin.com/pulse/crude-analysis-01-oct-2017-arockia-chinnappa-raj-k/

DISCLOSURE: I do not have any positions outstanding in any of the recommended shares/commodities either in my or my family members' trading accounts.


Thanks.

Crude Analysis 01-Oct-2017

CMP 51.54
Res: 52.83 (.89)/55.23(.21)
Sup: 45.58(.55)/42.08

If crude resisted by the above resistances, I expect to down move.
Can see, 45.58 again and further, 42.08, 39.9, 31.91, 29.97, 18.98 positionally.

Trade Idea:
Sell crude on rise with SL 52.85$/55.25$(max) for the above targets.

Crude Analysis 25-Apr-2017

CMP 49.12
Sup: 47
Res: 53.75

I could see positive divergences in 1H chart.
If crude supported by 47$, we will see big upside move towards 53/55/58$ positionally.

Crude Analysis 19-Apr-2017

Analysis based on smaller time frame.
CMP 52.74
Sup: 52.49
Res: 53.24.
If crude resisted by 53.1/53.50, we can see 52.49 again and further 52, 51.23, 50$.

Strategy: Sell on rise, with SL 53.1/53.5 max for the above targets.
Note: There will be lot of noise in smaller time frame.

LONG TERM ANALYSIS OF METALS & ENERGY 14-Apr-2017

 GOLD

 SILVER

CRUDE OIL

 NATURAL GAS

COPPER

Crude Analysis 13-Apr-2017

Update 18-Apr-2017
CMP 53.01
As long as crude resisted by 53.73, I expect to see 52.49 again and further 51.89$.
Strategy: Sell on rise with max sl 53.75 for the above target and further 50.55-49.55.

UPDATE 14-Apr-2017, 6:43 AM IST
CMP 52.87
Res: 53.36/53.73
As per my previous update, crude sell has been activated between 53.1-53.25 and running.

I expect to see 50.55-49.55 in this down move and crude may take support at that level and can bounce back to 53/55 and expecting 58.21-60.00$.

We will see a bigger down move from there towards 30-25$, ultimate tgt can be 16$.



UPDATE 10:03 PM IST
CMP 52.92
Res: 53.36/53.73

 As long Crude resisted by 53.36/53.73, I would like see the below targets.
Strategy: Sell crude between 53.1-53.25, SL 53.37/53.78 max, tgts: [52.67], 52.3, [51.64-51.49], 50.59, [50.01], 48.55.


CMP: 55.99
Res: 53.73/.89
Sup: 52.67

As long as 53.73 resists, I remain bearish in Crude.

Strategy: Sell on rise between 53.3-53.6, Max SL 53.74, TGTs: [52.67], 52.16, [51.28], 50.40, [49.6], 49.01, [47.-05].

All the best.

Crude Analysis 22-Nov-2016

CMP 48.92
Res: 52.21
Sup: 44.85/42.21

As long as 52.21 resists, I expect to see 42.21 again and further 34$.
Important zone to be watched: 48.38-49.85.

Thanks.

Crude Analysis 05-Nov-2016

CMP: 44.18
Res: 50.05/50.92/52.21
Sup: 42.73

Based on Monthly chart, we could see shooting star last month. This month candle will decide positional move of crude.

Based on 55M chart, we are in 3rd wave and it is extending. 1-2-i-ii-iii(done).

Still I expect to see some more down move to complete this 3rd wave. As per me, sell on rise would be the strategy.

TGTs: 39.25$, 34.4$
TGTs: 2650, 2293.

Crude Oil Analysis 17-10-2016

26-Oct-2016

CMP 49.31
Res: 52.21
Sup: 42.73

STRATEGY: Sell on Rise.
Max sl 52.23$
TGTs: 48.76, 47.46, 47.14, 46.36, 45.51

NOTE:
Any break of 42.73$, positional sell of will be in place for 38/34$.
Any break of 52.23$, we will see 53/55/59$.

17-10-2016
CMP 50.24, SL 51.68$, tgts: 39.25, 34.4.
CMP 3358, SL 3463, TGTs: 2650, 2293.

Valid till February 21st, 2017 / AS LONG AS SL HOLDS.

Crude 01-Oct-2016

As of  now Crude oil not supporting sellers.
But there is big fight between bulls n bears.

As i have already told, we are in very big correction.

As per the above chart, next res around 51.89/62.89$.
NOTE: WE ARE FORMING BIGGER TRIANGLE TO CLOSE THIS DOWN MOVE, TGT 17-15$ FIXED. BUT WHEN? IS THE QUESTION.
ALREADY ALTERNATE ENERGY IS DEVELOPING, I DON'T KNOW WHICH, JUST AN ASSUMPTION, MAY SUSTAIN FOR 3-5-8-13-21MAX YEARS.

NO CALLS NOW. TRADERS ARE REQUESTED TO ENTER N EXIT BY INTRA STRICT. CAN HOLD IF SPECIFIED.
Thanks.


THIS IS LONG TERM PREDICTION. NOT FOR INTRA/SMALL TRADERS.


PERSONAL TRADE:
SELL  JAN CRUDE: SL: 3503 STRICT, TGT 2555/1689/999.
MY TGT FIXED 999.
go only with 2 minis strict. strict. strict. RR Ratio NEED TO BE CONSIDERED.
THERE MAY BE LITTLE CHANGE IN SL.


THANKS.