Intraday Calls 30/05/2014

Short Crude between 6115-6139, SL 6145, TGt 6100, 6077, 6030-6040.
Achieved 6100, 6077.

Buy Copper at cmp 410.3, SL 409, TGT 413, 423. Safe SL: 404.50
Copper 1st target achieved.

Buy Crude between 6100-6105, SL 6098, TGT 6115, 6120.
SL hit, wrong wave calculation. Wave ended at 6097 instead of 6100 and started up move, achieved target 6115, but before that SL hit. We could have entered again at 6100, but missed.

Crude view 30 May 2014

UDPATE: 11:24: Sell Between 6115-6139, SL 6145, TGT 6100, 6070, 6025, 6000, 5970.  Book at your comfort levels. Don't hold if SL hits. CMP: 6114.

Today I expect crude down move.
So buyers can book profit and exit.

If 6139 restricts, targets 6070, 5970. Strict sl 6145.

Today's strategy, SELL ON RISE. My view is wave C correction.

But at anytime, if it crosses 6140, next target is 6194.

The views may change after market opens

Test Calls 2 29/05/2014

Buy
Nickel: 1111.5, SL 1099
Copper: 412, SL 409
Zinc: 121.2, SL 120
Lead: 123, SL 121
Crude: 6061, SL 6018

TGTs: 1168/1230, 423, 127, 132, 6190

Update:
Made a high of Nickel - 1121.50, Zinc - 122.10, Lead - 123.50, Crude - 6116.
Copper did not perform well.
Since the contract closing tomorrow, need to roll over. Will give fresh call tomorrow. All tests closed for the day.

Toady's View 29/05/2014 (Testing)

Test Calls. I am testing my wave counts.
Zinc: Sell at 122.7, SL 123.9, TGT 121.
Lead: Sell at 125, SL 126, TGT 122.7.
Nickel Sell at 1147, SL 1170, TGT 1110.
Crude Buy between 6070-6090, SL 6020, TGT 6198, 6242.

Crude View 28-May-2014

 Crude Positional View 28/05/2014
Crude travelled long distance in MCX and also in NYMEX.

 MCX
If 6200 restricts, we can see some down moves.
Retracement levels: 6141, 6106 (already done), 6077, 6049, 6027, 5956 (100%).

If it reverses from any of these levels, first target is 6198. Let us wait and watch.

NOTE: It has already done the minimum retracements of 6141, 6106.
Resistance: 6198
Support: 5956, 5930.
For upmove, need to break 6200, down move 5930.

NYMEX
If 104.50 restricts, we can see some down moves.
Retracement levels: 103.13, 102.29, 101.61, 100.94, 100.43, 98.74(100%).

If it reverses from any of these levels, first target is 104.50. Let us wait and watch.

Resistance: 104.50
Support: 98.74, 97.28.

For upmove, need to break 104.50, down move 97.28


If anyside breakout both in MCX and NYMEX, expecting a big move. Watch and trade carefully.
No Calls from me as of now.

NG Positional View

If 253.40, 254.10 holds support we can see NG upside move. Targets: 262, 263.21, 268.7, 272.43, 278.16, 281.74, 286.86, 293.45.

Now, the entry should be on pull back towards 255-258 with strict SL 253.

Crude Positional View 27-May-2014

If 6200 restricts, we may see minimum 6140-6130. This is just an retracement. But my positional view is Buy on Dips as long as 5930 holds support. If 5930 broken, there will be more downside move.

On the upside, my next target of 6194 already achieved. Expecting 6252 next.

MCX Crude Positional View

Crude View 22/05/2014

Today I expect Crude Down Move (abc correction) . If 6139 restricts, Down targets: 6096(23.6)-min, 6069(38.2), 6047(50) - 6026(61.8), 6010(70.7)-Reversal Point, 5956(100%). SL should 6145. Let us See. Let us See. We also need to consider INR movement. Need to wait for the market open for confirmation.

Crude view 20/05/2014

If 103.1 holds resistance, we will see 101.95-101.86, 101.15, 100.57, 100.21-99.88, 98.74. Can short between 102.53-102.75 with Strict SL 103.15. If it goes above 103.15, I expect more upmove. This is just my view.

Crude retracement

If 103.05, 103.07 restricts, we will see 101.75-101.60, 101.1-100.90, 100.52. CMP 102.08

Buy Crude CMP 5989, SL 5972, TGT 6010

Buy Crude CMP 5989, SL 5972, TGT 6010

NYMEX Crude Positional View

Open: 101.97, High: 102.17, Low 101.88, P.C:101.96, CMP 101.98

POSITIONAL USD CRUDE VIEW:

Technical Analysis on Crude based on higher time frames (monthly, weekly & daily):
UPTREND: POSITIONAL (Long Term) TARGETS
Level 1: 110.50, 132.49 SUPPORT: 74.95
Level 2: 100.41, 114.63 SUPPORT: 77.27
Level 3: 112.09, 129.48 SUPPORT: 84.05.

BASED ON DAILY CHART IF DOWNTREND TAKES PLACE,
RESISTANCE LEVELS: 104.98, 105.21.
If these levels resists then, downside targets would be: 98.74, 97.25, 92.35.

Some minor resistances would be: 102.18, 103.35, 103.93.

Other major resistances: 110.52, 112.21. Note: If 104.98 and 105.21 are broken, we will see big uptrend in place.


All Minor resistances, resistances and major resistances are target for Bulls. ie., 100.4, 101, 101.4, (done already) 102.18, 103.35, 103.93, 104.98, 105.21, 110.50, 112.09, 129.48, 132.49.
All Supports are targets for Bears. 99.7, 98.74, 97.25, 92.35.

Whenever you are comfort you can book. targets will come around these points.

Take a not of these levels if anybody interested.

CRUDE POSITIONAL VIEW

CRUDE VIEW
Now, the POSITIONAL VIEW on Crude need to be analyzed. Please wait for the next update. My Positional view may change or may not change. Will update you soon. Wait and check. As of now, my previous views are OBSOLETE.

Elliott Waves

 

Technical Analysis of Nickel

Technical Analysis of Nickel

 

Nickel can be bought with minimum  SL of 1230 for targets 1275, 1299, 1341, 1409.

Positional view of MCX Crude

Positional view of MCX Crude.

NYMEX Crude View.

 

 

The red lines are support/stop loss. other lines are targets.