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.
If crude breaks 52.12, we can see 51.38-49.43 first and further 48.22, 46.28-45.07.
Showing posts with label wti crude. Show all posts
Showing posts with label wti crude. Show all posts
Thursday, 30 January 2020
Tuesday, 21 January 2020
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
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
Tuesday, 14 January 2020
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.
CMP: 58.08; Sup: 57.88; Res 58.5
I expect some upside towards 58.5, as long as 57.89 holds support.
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$.
CMP 58.69
Res: 59.03
Sup: 54.83
Based on Daily chart, as long as 54.83, supports, we can see 62$.
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$.
Friday, 13 October 2017
NYMEX: Crude Analysis 13-Oct-2017
CMP 51.55
Res: 52.83
Sup: 51.19(immediate support)/50.14/49.08
Scenario 1(up move): If crude supported by 50.14, we can see 51.73/52.83 and a break of 52.83 we will see 53.88/54.22
Scenario 2(down move): If crude resisted by 52.83 we will see 50.14 first and 49.08. A break of 49.08 we will see 48.6/45.6/45.05.
I prefer to be on sell side as long as 52.83$ not broken.
IMPORTANT LEVEL: 51.7-51.95.
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.
Sunday, 8 October 2017
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.
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.
Friday, 6 October 2017
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.
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.
Sunday, 1 October 2017
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.
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.
Tuesday, 25 April 2017
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.
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.
Wednesday, 19 April 2017
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$.
Strategy: Sell on rise, with SL 53.1/53.5 max for the above targets.
Note: There will be lot of noise in smaller time frame.
CMP 52.74
Sup: 52.49
Res: 53.24.
If crude resisted by 53.1/53.50, we can see 52.49 again and further 52, 51.23, 50$.
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.
Friday, 14 April 2017
Thursday, 13 April 2017
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.
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.
Monday, 10 April 2017
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.
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.
Monday, 3 April 2017
NYMEX:Crude Analysis 03-Apr-2017
CMP: 50.61
Sup: 47.05 / 42.19
Res: 55.23
If you notice from the below chart, crude reversed from 61.8% level. If crude supported by 47.05, I expect to see 55.23 again and further 60.20, 63.3, 65.22, 68.32$ positionally.
Trade Idea:
Buy crude on dips between 49-48$ if you get, with max n strict SL 47.05 for the above targets.
Sup: 47.05 / 42.19
Res: 55.23
If you notice from the below chart, crude reversed from 61.8% level. If crude supported by 47.05, I expect to see 55.23 again and further 60.20, 63.3, 65.22, 68.32$ positionally.
Trade Idea:
Buy crude on dips between 49-48$ if you get, with max n strict SL 47.05 for the above targets.
Tuesday, 22 November 2016
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$.
Important zone to be watched: 48.38-49.85.
Thanks.
Res: 52.21
Sup: 44.85/42.21
As long as 52.21 resists, I expect to see 42.21 again and further 34$.
Important zone to be watched: 48.38-49.85.
Thanks.
Saturday, 5 November 2016
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.
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.
Monday, 17 October 2016
Crude Oil Analysis 17-10-2016
26-Oct-2016
CMP 49.31Res: 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$, tgts: 39.25, 34.4.
CMP 3358, SL 3463, TGTs: 2650, 2293.
Valid till February 21st, 2017 / AS LONG AS SL HOLDS.
Saturday, 1 October 2016
Crude 01-Oct-2016
As of now Crude oil not supporting sellers.
But there is big fight between bulls n bears.
As i have already told, we are in very big correction.
As per the above chart, next res around 51.89/62.89$.
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.
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.
Sunday, 18 September 2016
WTI Crude Analysis 18-Sep-2016
18-Sep-2016
CMP 43.19
Sup: 39.24(21)
Res: 48.44/49.33/51.64
Small Res: 43.7/44.33/45.46
As long as the above levels resists, I expect to see 42.21, 41.63, 40.35, 39.24, 34-33.55, 32.19, 29.27, 27.48, 26.04 positionally.
13-Sep-2016
http://rajtechnicalanalysis.blogspot.in/2016/09/crude-analysis-13-sep-2016.html
11-Sep-2016
http://rajtechnicalanalysis.blogspot.in/2016/09/crude-analysis-11-sep-2016.html
Res: 48.44/49.33/51.64
Sup: 39.24
As long as crude resisted by 47.89/48.55/49.33/51.64$, I expect to see 41.87, 39.24-38.86, 34-33.55, 32.19, 29.27, 27.48, 26.04 positionally.
CMP 43.19
Sup: 39.24(21)
Res: 48.44/49.33/51.64
Small Res: 43.7/44.33/45.46
As long as the above levels resists, I expect to see 42.21, 41.63, 40.35, 39.24, 34-33.55, 32.19, 29.27, 27.48, 26.04 positionally.
13-Sep-2016
http://rajtechnicalanalysis.blogspot.in/2016/09/crude-analysis-13-sep-2016.html
11-Sep-2016
http://rajtechnicalanalysis.blogspot.in/2016/09/crude-analysis-11-sep-2016.html
Res: 48.44/49.33/51.64
Sup: 39.24
As long as crude resisted by 47.89/48.55/49.33/51.64$, I expect to see 41.87, 39.24-38.86, 34-33.55, 32.19, 29.27, 27.48, 26.04 positionally.
Sunday, 11 September 2016
Crude Analysis 11-Sep-2016
CMP 45.87
Res: 48.44/49.33/51.64
Sup: 39.24
As long as crude resisted by 47.89/48.55/49.33/51.64$, I expect to see 41.87, 39.24-38.86, 34-33.55, 32.19, 29.27, 27.48, 26.04 positionally.
Res: 48.44/49.33/51.64
Sup: 39.24
As long as crude resisted by 47.89/48.55/49.33/51.64$, I expect to see 41.87, 39.24-38.86, 34-33.55, 32.19, 29.27, 27.48, 26.04 positionally.
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