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 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: 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 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.

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.

Crude Analysis 15-Aug-2016

18-Aug-2016
CMP 47.62
Sup: 46.55$
Res: 49.89$/50$

As long as crude supported by 46.5$, I expect to see 48.1, 48.55, 49.55, 50$ and further 52.2$.
At present, crude looks more bullish.

TRADE IDEA:
Buy crude between 47-46.64, max sl 46.5$ for 48.1...

Important levels: 47.45 (broken), 48.80, 50$

Crude breaking all res levels, and taking support on 20/21 SMA multiple times. Clear break of this needed for sellers.

As I have told earlier, seasonal up move in crude running. Are we heading towards 52/55/57$ before big fall from October 2016?

Let us wait n watch.



15-Aug-2016
Supports: 43.34/41.05/39.21
Res: 49.91/51.64(89)

As long as crude resisted by 49.89, there is high possibility of seeing new low.

But as per seasonality, crude not supports down move now, only after september 30th.

So, there is high possibility of seeing a bigger correction OR big up move towards 52/55/58/60$ from where crude can fall towards 21/16.89$.

OR
as stated earlier, it can also be a triangle, which can last for more years.

Buyers sl 43.21$/39.21$ max.
Sellers SL strict to 51.70$.


NO TRADING SUGGESTIONS FROM MY SIDE.

IMPORTANT LEVELS: 46.7-48.89


CHECK RES/SUPPORT/SL AND TRADE ACCORDINGLY.

Crude Analysis 24-Jul-2016

27-Jul-2016
CMP 42.08$
Further targets: 41.4/41.14/40.29/39.96/38.50/37.73

CMP: 44.23/2964

Support: 43.73/2956
Res: 46.08/3113

As long as crude supported by 43.73/2956, I expect to see 44.90, 45.17, 45.4, 45.53, 45.82 (2992, 3013, 3033, 3051, 3065-75, 3096).

If crude resisted by 46.08/3113, I expect to see 43.73 again and further, I expect 43.2, 42.78, 41.93, 41.41 (2956 again and further 2932, [2906], 2889, 2852, [2820], 2750).

IMPORTANT LEVELS TO BE WATCHED:44.91, 45.17-45.40 / 3035, 3053-3067.

Crude Analysis 10-Jul-2016

CMP 45.19
Res: 48.3/49.34/47/50.51/51.64
Sup: 45.82 (broken)

As long as 51.64$ resists, I expect to see 42.42-41.73, 41.11-40.25 positionally.

Advanced view:
Sell on rise between 48.1-51$, SL 51.65$ for 42.42, 41.11$.

As of now sl 45.95 for small trades tgt 43.9$. If this taken out, need to wait for market action.

Previous posts:
http://rajtechnicalanalysis.blogspot.in/2016/07/crude-positional-view-4-jun-2016.html
http://rajtechnicalanalysis.blogspot.in/2016/07/crude-historical-seasonal-analysis-06.html


READ DISCLOSURE BEFORE TAKING ANY TRADE DECISION.