CRUDE Analysis Feb 2020

07-Feb-2020

CMP: 51.26; Res: 52.21/54.55/59.64/65.61
As long as 52.21/54.55 resists, I expect to see more down towards 49.43-48.22, 46.28-45.07, 43.12, 40.39, 38.02-36.81.

Alternatively, if 49.34 supports, we can see up move towards 54.55 again and further.
Sellers SL 52.21/54.55 max.

04-Feb-2020: 7:54 AM IST

CMP: 50.40; Sup: 49.55; Res: 65.61
If crude supported by 59.55, we will see bigger upside correction.
Break of 51.95, Upside targets: 53.41, 55.74, 57.63, 59.51, 60.93.

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 Analysis: Bull OR Bear? 21-Jan-2020

22-Jan-2020
Complex correction?

21-Jan-2020
CMP: 57.90; Res: 59.65; Sup: 57.34
If crude supported by 57.34, we can see 59.64 again and further 60.5, 61.48, 62.45, 63.19.
If crude breaks 57.35, we can see 56.45, 55.89, 55.13, 54.92...
Buyers SL 57.34; Sellers SL 59.65

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: Short term UP? 16-Jan-2020

Update: 5:30 PM IST

CMP: 57.90; Sup: 57.35; Res: 58.35
As long as crude hold support of 57.35, we can see big up move towards 61.48-62.45-63.66.

Can buy above the trendline break or between 57.80-57.45. Max SL 57.34
Targets: 59.3, 60.5, 61.45, 62.45, 63.2, 63.6...

CMP: 58.20; Sup: 57.74/57.34
As long as crude holds support of 57.74/57.34, we can see 59.3, 60.5, 62.45, 63.19.

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.

NYMEX / WTI CRUDE Analysis 19-Oct-2017

Update 23-Oct-2017

 

Update: 9:08 PM: Are we going to see more fall?

20-Oct-2017 

CMP 51.57
Res: 52.53/52.83
Sup: 50.85/49.08

As long as crude resisted by 52.53, we can see 50.85 again and further 50.20/49.08/48.77 and other targets as per previous analysis.

Alternate view:
But we could see a POSITIVE DIVERGENCE in 1H chart. Is the job of of this divergence done or still in continuation.  Will this divergence is going to take more control or Down trend will continue? Let us wait n watch.

 

19-Oct-2017

CMP: 52.24
Sup: 51.9/51.46/49.08
Res: 52.38(.34)/52.53(.55)/52.83(.89)

Bearish:
If the above resistances resists,
52.83 --> 50.25, (48.78), (46.46-45.91), 42.71
52.53 --> 52.00, (51.75), (51.36-51.27), 50.73. MADE LOW 50.85
52.38(.34) --> 51.9, 51.77-51.7, 51.46

Bullish:
If Crude breaks 52.53/52.83, we will see 52.97 first and further 53.63-53.79, 54.39, 54.7...

As of now, my view not changed and I am still bearish as long as 52.53/52.83 resistances hold.

NOTE: READ DISCLOSURE BEFORE TAKING ANY TRADE DECISION.

NYMEX: Crude Analysis 13-Oct-2017

CMP 51.55
Res: 52.83
Sup: 51.19(immediate support)/50.14/49.08

Scenario 1(up move): If crude supported by 50.14, we can see 51.73/52.83 and a break of 52.83 we will see 53.88/54.22

Scenario 2(down move):  If crude resisted by 52.83 we will see 50.14 first and 49.08. A break of 49.08 we will see 48.6/45.6/45.05.
I prefer to be on sell side as long as 52.83$ not broken.

IMPORTANT LEVEL: 51.7-51.95.

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.

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 10-Apr-2017

13-Apr-2017

CMP 53.46
Res: 53.89

Are we ready for fall?

As you can see in the H1, H4 charts, we could see negative divergences. Does this warns for the fall in Crude?

Let us wait n watch.




11-Apr-2017
CMP: 53.14
Res: 55.23
Sup: 51.40

As per the Hourly chart, we are in wave 5 of 5. Are we going to see a bigger correction from here? There is no confirmation of reversal yet.

So need to wait and watch for exact reversal for to initiate any shorts.




10-Apr-2017

CMP 52.38
Sup: 47.05/42.19
Res: 55.23

As long as crude supported by 47.05/42.19, I expect to see 55$ first and further 60$, 64.8$.

Trade Idea:
Buy crude on dips between 51.5-51$ with max SL $50.6, for 52.9$ fist and further for the above targets.

NOTE:
1. View valid as long as 47.05 holds.
2. Any break of 42.19, Long term analysis need to be reanalysed.