NYMEX Crude View 01-July-2014

Hi Friends,
From my perspective NYMEX Crude has completed it's retracement at 105.67. As per my analysis given yesterday (30-June-2014), It has done 105, 104.7 retracement levels and taken support at 50% retracement level which is at 104.63.

Down Move:
If down move continues, we will see 105-104.7-104.5-104.2-103.9-103.6-103.3. Crude needs to break 105 for this down move. - See more at: http://freetradingcallss.blogspot.in/2014/06/nymex-crude-view-29-june-2014.html#sthash.qFuaHtOR.dpuf

 Down Move:
If down move continues, we will see 105-104.7-104.5-104.2-103.9-103.6-103.3. Crude needs to break 105 for this down move.
 For the analysis click the below link to check:
http://freetradingcallss.blogspot.in/2014/06/nymex-crude-view-29-june-2014.html

Now, I expect crude to move on its original up trend. Now it is trading at 105.45. I am expecting retracement towards 105.32-105.
Retracement levels:
105.44, 195.29, 105.17, 105.05, 104.96, 104.88, 104.67(100%).



Buy between 105.32-105 if you get or

Buy above 106.70.

For any buy SL should be 104.6/104.45 strict.

Targets:
Level 1: 105.67, 106.30+++.
Level 2: 106.4-106.5-106.7-106.8-106.9
Level 3: 107.5-107.3, 108-108.3, 108.5-108.7, 109-109.3, 109.5-109.7, 110.3-110.6, 112-112.3, 112.5-112.7, 113.7-113.9.

Level 1: Small trades, Level 2: Short term, Level 3: Long term.

Down Move:
If down move continues, we will see 105-104.7-104.5-104.2-103.9-103.6-103.3. Crude needs to break 105 for this down move. - See more at: http://freetradingcallss.blogspot.in/2014/06/nymex-crude-view-29-june-2014.html#sthash.qFuaHtOR.dpuf