NYMEX Crude
NYMEX CRUDE SL HIT. BUT STILL I AM BULLISH. WILL ANALYSE AND POST THE CHARTS SOON.
CMP 101.70.
As per my analysis, I expect big up spike in Crude, if it is supported by 101, 99.
Buy crude between 101.45-101.20, with strict SL 100.95 strict. Below 101, crude weak.
Upside targets: 102.5, 103, 103.8, 104.5, 105.2, 106.7. (Crude needs to break 103.9/104.5 levels for further upside.)
Supports: 101, 99.
Resistances: 102.55, 103.9, 104.5, 105.2.
MCX Crude:
If MCX crude supported by 5968/5933, I expect to move supside towards 6499+.
CMP 6146.
Buy on Dips is the strategy with positional stop loss 5960/5930.
