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 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.