Friday, 4 July 2014

NYMEX Crude Up Move Possibilities 4-July-2014

Dear Visitors & Friends,
I expect NYMEX Crude to move upside.

If 103.67 is the end of down move, I expect a big upmove in Crude. This view is VALID as long as 103.67 holds support.

If so,
I expect to see 104.23, 105.21 first.
Above 105.21, 106, 107.45, 107.67.
My positional targets are: 107.4-107.7, 107.9-108.1, 109-109.2, 110-110.2, 112-112.21.



Strategy Test Call:
Buy Crude between 103.95-103.85. SL 103.60. CMP: 103.93. Targets above view.
 4-7-2014. 7:57 AM: Buy Crude between 103.95-103.85, CMP 103.91. Call Activated.

Let us see, how this progresses. 

2:40PM IST
Buy Crude at CMP 6220, SL 6180/6170. TGT 6234, 242-251, 274-288, 311, 348. CMP 6226.  Call Activated.

Best entry between 6214-6202. SL 6185. Targets: 228, 242-251, 274-288, 311, 348. CMP 6226.