CMP 1335
Sup: 1310
Res: 1376
As long as 1375 resists, I expect to see 1311 again and further 1289/70$.
Sup: 1310
Res: 1376
As long as 1375 resists, I expect to see 1311 again and further 1289/70$.
Friday, 29 July 2016
Thursday, 28 July 2016
Sunday, 24 July 2016
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.
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.
Tuesday, 19 July 2016
LONG TERM POSITIONAL VIEW OF CRUDE 19-Jul-2016
CMP 45.26
RES: 51.64
SUP: 26.04
I expect current move of crude to last for more time and I expect it to travel thru' triangle. Below chart shows the ideal path for crude as long as resisted by 51.64 and supported by 26.04.
MORE COMPLEX CHART with Gann Grid n Fan:
AS PER TIME CYCLE:
NOTE: I AM NOT MUCH LEARNED ABOUT TIME CYCLES. THE BELOW IS JUST A VIEW, as I CONSIDER THIS AS A BIGGER CORRECTION.
LET US SEE HOW FAR THIS WORKS OUT.
Wave B
July - Aug -> Down move
Aug - Oct -> Up move
Oct -> Feb 2017 -> Down move
Wave C
Feb - Aug -> Up Move
Wave D
Aug/Oct - Feb 2018 -> Down Move
Wave E
Feb -> May -> Up Move
May/Aug - Feb 2019 -> DOWN MOVE
Thanks.
RES: 51.64
SUP: 26.04
I expect current move of crude to last for more time and I expect it to travel thru' triangle. Below chart shows the ideal path for crude as long as resisted by 51.64 and supported by 26.04.
MORE COMPLEX CHART with Gann Grid n Fan:
AS PER TIME CYCLE:
NOTE: I AM NOT MUCH LEARNED ABOUT TIME CYCLES. THE BELOW IS JUST A VIEW, as I CONSIDER THIS AS A BIGGER CORRECTION.
LET US SEE HOW FAR THIS WORKS OUT.
Wave B
July - Aug -> Down move
Aug - Oct -> Up move
Oct -> Feb 2017 -> Down move
Wave C
Feb - Aug -> Up Move
Wave D
Aug/Oct - Feb 2018 -> Down Move
Wave E
Feb -> May -> Up Move
May/Aug - Feb 2019 -> DOWN MOVE
Thanks.
Monday, 18 July 2016
CRUDE ANALYSIS 18-Jul-2016
22-Jul-2016
21-Jul-2016
CMP 45.71$
Res: 46.08
Sup: 44.55
As long as crude resisted by 46.08$, I expect to see 45.71 (already done)/45.49/45.31/ [[45.12/44.98 ]] /44.9/44.7.
Any reversal from the above levels, 1st tgt 46.08 and further [46.16], 46.57, [46.82], 47.23, 47.48, [[ [47.05] - [48.29] ]].
TRADE IDEAS:
1. Sell crude between 45.65-45.90, SL max 46.08 for downside targets.
2. Buy between 47.21-44.9, SL max 44.5, for upside targets.
3. Sell between 47-48.3, SL max 50$ for min 44.34 and 42.3, 41.1.
NOTE: BUY above 46.08, SELL below 44.34 also valid trade.
BUY's SL 44.34$
SELL SL will be after activation.
READ DISCLAIMER BEFORE TAKING ANY TRADE DECISION.
20-Jul-2016
CMP 45.54$
Sup: 44.34
Res: 46.9/50
Since, crude was not able to break 44.3$, there is still upside possibility left. Here below the possibilities of upside and down side possibilities.
CMP: 45:48
Res: 46.90, 46.28 / 49.98
Sup:44.4, 45.05
PRIMARY VIEW:
As long as Crude resisted by 46.3$, I expect to see 43.3/42.55/41.1$ positionally.
Trade Idea:
Sell Crude at cmp 45.48 or on rise between 45.70 - 46, Max SL 46.30$ for the above targets.
ALTERNATE VIEW:
http://rajtechnicalanalysis.blogspot.in/2016/07/crude-analysis-16-jul-2016.html
Both views are valid, In either way, I expect to see 43.3$ minimum.
21-Jul-2016
CMP 45.71$
Res: 46.08
Sup: 44.55
As long as crude resisted by 46.08$, I expect to see 45.71 (already done)/45.49/45.31/ [[45.12/44.98 ]] /44.9/44.7.
Any reversal from the above levels, 1st tgt 46.08 and further [46.16], 46.57, [46.82], 47.23, 47.48, [[ [47.05] - [48.29] ]].
TRADE IDEAS:
1. Sell crude between 45.65-45.90, SL max 46.08 for downside targets.
2. Buy between 47.21-44.9, SL max 44.5, for upside targets.
3. Sell between 47-48.3, SL max 50$ for min 44.34 and 42.3, 41.1.
NOTE: BUY above 46.08, SELL below 44.34 also valid trade.
BUY's SL 44.34$
SELL SL will be after activation.
READ DISCLAIMER BEFORE TAKING ANY TRADE DECISION.
20-Jul-2016
CMP 45.54$
Sup: 44.34
Res: 46.9/50
Since, crude was not able to break 44.3$, there is still upside possibility left. Here below the possibilities of upside and down side possibilities.
CMP: 45:48
Res: 46.90, 46.28 / 49.98
Sup:44.4, 45.05
PRIMARY VIEW:
As long as Crude resisted by 46.3$, I expect to see 43.3/42.55/41.1$ positionally.
Trade Idea:
Sell Crude at cmp 45.48 or on rise between 45.70 - 46, Max SL 46.30$ for the above targets.
ALTERNATE VIEW:
http://rajtechnicalanalysis.blogspot.in/2016/07/crude-analysis-16-jul-2016.html
Both views are valid, In either way, I expect to see 43.3$ minimum.
Saturday, 16 July 2016
CRUDE ANALYSIS 16-Jul-2016
CMP 45.98
Res: 46.9/49.98
Sup: 45/44.69/44.40
As long as 45$ supports, we can see 47.06$ first. Further 47.65-47.84-48, 48.35-48.60.
If crude resisted by 50$ and any reversal from the above levels (i.e., 47.65-47.84-48, 48.35-48.60), we can see 44.4$ again. And further, 43.4/42.55/41.1/40.34/38.89/37.82/36.95/35.29.
IMPORTANT LEVEL TO WATCH: 47.65-48.60.
ABOVE 50$, WE CRUDE WILL RESUME IT'S UPTREND AS WAVE 5 AND WE CAN SEE 51.55/55/57+++.
TRADE IDEAS:
1. BUY WITH SL 45$ for tgts: 47.06, 47.65-47.84-48, 48.35-48.60.
2. SELL WITH SL 50$ between 47.65-48.60 for [44.4], 43.4, 42.55, [41.1], 40.34, 38.89, 37.82, 36.95, [35.29].
MCX
CMP 3088 | Res: 3146/3355 | Sup: 2997/3021
As long as 3021 supports, we can see 3147 again, and further, 3170-3180, 3200-3221, 3250-3270.
If resisted by 3355, and any reversal from the above levels, we will see 2997 again and further, 2967, 2888, 2840, 2762, 2653.
TRADE IDEAS:
1. Buy crude with sl 3021 for 3147, 3170-3180, 3200-3221, 3250-3270.
2. Sell crude with sl 3363 between 3200-3270, for 2997, 2967, 2888, 2840, 2762, 2653.
ABOVE 3355, CRUDE WILL RESUME IT'S UPTREND.
READ DISCLAIMER BEFORE TAKING ANY TRADE DECISION.
Res: 46.9/49.98
Sup: 45/44.69/44.40
As long as 45$ supports, we can see 47.06$ first. Further 47.65-47.84-48, 48.35-48.60.
If crude resisted by 50$ and any reversal from the above levels (i.e., 47.65-47.84-48, 48.35-48.60), we can see 44.4$ again. And further, 43.4/42.55/41.1/40.34/38.89/37.82/36.95/35.29.
IMPORTANT LEVEL TO WATCH: 47.65-48.60.
ABOVE 50$, WE CRUDE WILL RESUME IT'S UPTREND AS WAVE 5 AND WE CAN SEE 51.55/55/57+++.
TRADE IDEAS:
1. BUY WITH SL 45$ for tgts: 47.06, 47.65-47.84-48, 48.35-48.60.
2. SELL WITH SL 50$ between 47.65-48.60 for [44.4], 43.4, 42.55, [41.1], 40.34, 38.89, 37.82, 36.95, [35.29].
MCX
CMP 3088 | Res: 3146/3355 | Sup: 2997/3021
As long as 3021 supports, we can see 3147 again, and further, 3170-3180, 3200-3221, 3250-3270.
If resisted by 3355, and any reversal from the above levels, we will see 2997 again and further, 2967, 2888, 2840, 2762, 2653.
TRADE IDEAS:
1. Buy crude with sl 3021 for 3147, 3170-3180, 3200-3221, 3250-3270.
2. Sell crude with sl 3363 between 3200-3270, for 2997, 2967, 2888, 2840, 2762, 2653.
ABOVE 3355, CRUDE WILL RESUME IT'S UPTREND.
READ DISCLAIMER BEFORE TAKING ANY TRADE DECISION.
Thursday, 14 July 2016
CRUDE ANALYSIS 14-JUL-2016
UPDATE 15-Jul-2016 4:55 AM IST
15-Jul-2016
CMP 45.32
Res: 45.78
Sup: 44.99
Break above 45.8$, I expect to see 46.67/46.9/47.1/47.4/47.8
Below 44.9/44.5, I expect to see 43.4/42.55/41.3/40.3/38.9/37.55/35.3
Positional stop loss lies at 50.55$.
Thanks.
UPDATE: 14-Jul-2016
5:43 PM IST
As long as 45.10$ supports, still we can see 45.86-45.89, 46.05-46.11, 46.25, 46.47-46.62, 47.04...
14-Jul-2016
CMP: 45.07
Res: 46.90
Sup: 44.34
Chart on 13-Jul-2016 Morning
Chart on 14-Jul-Morning
VIEW FROM HERE
As long as 50$ resists, I still expect to see 43.55/42.40/41.1/40.15$ positionally.
If crude supported by 44.34$, I expect to see 46.9$ again and further 47.55.
As I have already mentioned, we can expect again 47-48$, which will be a good SELL entry for positional target 43.55$ first.
BELOW 44.34$, direct move towards 42.3$.
Previous Analysis:
http://rajtechnicalanalysis.blogspot.in/2016/07/crude-analysis-13-jul-2016.html
http://rajtechnicalanalysis.blogspot.in/2016/07/crude-positional-view-4-jun-2016.html
15-Jul-2016
CMP 45.32
Res: 45.78
Sup: 44.99
Break above 45.8$, I expect to see 46.67/46.9/47.1/47.4/47.8
Below 44.9/44.5, I expect to see 43.4/42.55/41.3/40.3/38.9/37.55/35.3
Positional stop loss lies at 50.55$.
Thanks.
UPDATE: 14-Jul-2016
5:43 PM IST
14-Jul-2016
CMP: 45.07
Res: 46.90
Sup: 44.34
Chart on 13-Jul-2016 Morning
Chart on 14-Jul-Morning
VIEW FROM HERE
As long as 50$ resists, I still expect to see 43.55/42.40/41.1/40.15$ positionally.
If crude supported by 44.34$, I expect to see 46.9$ again and further 47.55.
BELOW 44.34$, direct move towards 42.3$.
Previous Analysis:
http://rajtechnicalanalysis.blogspot.in/2016/07/crude-analysis-13-jul-2016.html
http://rajtechnicalanalysis.blogspot.in/2016/07/crude-positional-view-4-jun-2016.html
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