Tuesday, 12 August 2014

NYMEX Crude View 12-Aug-2014

Based on smaller time frames, If 97.75/97.44 holds support, I expect up move targetting 98.05, 98.35, 98.50, 98.75-98.75, 99.05-99.25, 99.50, 100, 100.50, 101.

Buy at cmp 98.86, Strict SL 97.40, for the above targets. Below, 98.40/97.10, Crude weak and I expect more down.