Sunday 6 July 2014

NYMEX Crude Update 6-July-2014

Friends, Crude already broken 103.67 and made low of 103.64. If crude moves below 103.64, we may see 103.53, 103.45, 103.36-103.3, 103.16-103, 102.86, 102.08, 101.60(100%).

Reversal can happen from any of these levels. If so, my positional 1st target is 107.67.

Positional traders can wait for exact/confirmed reversal point for entry.

Above 104.13, Crude will become bullish.
Sellers be Alert.

All buys Stop loss is 103.50. Sellers stop loss: 104.20 Strict.

CMP 103.92, Buy with SL 103.5, Targets, check my positional view.