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.

Crude Analysis 13-Sep-2016

15-Sep-2016

 CMP 43.76
Res: 46.49(55)

As long 46.55 resists, I expect to see 42.75-42.5, 41, 39.6, 38.3, 36.89, 35.89.

14-Sep-2016

CMP 44.96
Res: 46.51/47.73
Sup:44.77/44.72

As long as the above levels resists, I expect to see
[43.51], 42.8, 42.36, [41.66, 41.22], 40.51, [39.52], 38.66.
[44.65], 43.5, 42.99, [41.65-41.45-41.23], 39.53, 38.69, 37.58, 36.67...

What if break 46.51? Next reversal zone: 46.58-47.4, Important level: 46.58-46.93$.
As long as 47.73(89) holds, I am bearish.

MCX:
Res: 3109/3172/3277
[2980], [2938], [2793], 2648, [2559], [2504], 2414, 2180. 
3002, [2938], 2889, 2828, [2792], 2655, [2559], [2504].

13-Sep-2016

CMP 45.87/ 3092
Res: 47.71/46.55
Sup: 42.99/2889

As long as the above levels resists, I would like to see 44.71/2999 again.

Further targets:
44.65, 43.5, 42.99, 41.65-41.45-41.23, 39.53, 38.69, 37.58, 36.67...
3002, 2938, 2889, 2828, 2792, 2655, 2559, 2504.

For any sell SL:  46.55/47.89 max / 3175/3289max.
All the best.



INTERESTING CHART FOR YOUR THOUGHT:
1. Crude resisted by MULTI YEAR trend line.
2. Important RES: 49.34, 51.68
3. Important SUPPORT 39.24(.21)
as of now.
If break 51.68$, we can see 64$.
If break 39.21$, we can see 15$.

BREAKOUT LEVELS: 51.68/39.21

Crude Analysis 30-Jul-2016

CMP 41.44
As long as crude resisted by 44.4/46.1$, I expect to see
40.55, 40.04, 39.1, 37.74(.89), 35.8(.89), 35.28(.34), 33.55 positionally.
2674(89), 2623(21), 2586(89), 2534, 2480(89), 2431(34), 2286(89), 2175(55).

For any sell max sl 40.55/46.1$, 23001/3123.

CRUDE POSITIONAL VIEW 4-Jun-2016

06-Jul-2016
06-Jul-2016
CMP 46.24
Res: 51.65
Sup: 45.82/35.23/26

Bearish Scenario:
If breaks 45.82, we can see 45.32, 44.69 and further 42.4, 41.1...

Bullish scenario:
If supported by 35.23, and any reversal from 41.5-40, 39.1, we can see 51.64 first, further break,

If crude holds between 26.1-51.65,
Ideal path for triangle may be 26.1 -> 51.6, 51.6 -> 31, 31 -> 48, 48 -> 34, 34 -> 45, 45 -> 21.


As per my view, we are in wave 4 from higher tf, so I expect to see a bigger triangle, which may last for several months before big fall towards 21$.

ANOTHER SCENARIO FOR CONSIDERATION:

CMP 46.26
I could see divergences in Crude Daily TF.
If crude breaks, 45.82$, I expect to see more fall towards 42/38/35$.
Tgts: 42.6-41.86-41.11, 38.83-38.06, 35.82-35.3-33.57.

04-Jul-2016
NYMEX:
CMP: 48.98
Res: 50/50.55/51.65
Support: 45.6
As long as the above levels resists, I expect to see 45.8$ again.
And further 43.1, 41.9, 39.9, 38.9, 35.75, 33.6$.

MCX:
Res: 3356(55)/3423(21)/3446(55)
Support: 3113
As long as the above levels resists, I expect to see 3117 again.
Adn further 2895/2815/2658/2624/2566/2432/2286.

Trade Idea:
Sell with max sl 3360/3460 for the above targets.
SAFE SELL below 3113. SL will be updated after trigger.

READ DISCLOSURE BEFORE TAKING ANY TRADE DECISION.
Thanks. All the best.