CRUDE POSITIONAL CALL 30-Oct-2014

10:26 PM
CMP 4990

POSITIONAL CALL: BUY CRUDE ON DIPS between 4960-4940 WITH SL 4895 STRICT
TGTS: 5095, 5138, 5167, 5213, 5287, 5353, 5407.
Multi lot traders can enter one lot at cmp 4992/90.

GOOD NIGHT FRIENDS.

DON'T HOLD IF SL HIT.

This call cancelled. Will give call later.

Today's calls 30-Oct-2014

[10/30, 10:24 AM] kacraj(mcx raj): Buy can be between 5035-20, with strict sl 4999/4989/4070, tgt 5095, 5108, 5135-155. Don't hold if sl hit. High risk
[10/30, 10:25 AM] kacraj(mcx raj): My sell levels below 5002, or 5110-5155

10:50 Am IST
Sell gold between 1214-21, sl 1237/1257. Tgts: min tgt 1208, other tgts 1203, 1191, 1181, 1175.

Today's Calls 29-Oct-2014

[10/29, 10:54 AM] kacraj(mcx raj): If anybody missed can Buy above 33 for Imran ji's tgt

[10/29, 11:27 AM] kacraj(mcx raj): Can also buy now with strict sl 5022

[10/29, 11:38 AM] kacraj(mcx raj): Risk takers sl 5022

[10/29, 11:38 AM] kacraj(mcx raj): Tgt 5047-55

[10/29, 11:38 AM] kacraj(mcx raj): Cmp 5030. Watch or take risk

3:40 PM
Breakout levels 5048/5029. Below 5029, tgts 5019, 5005. Above 5048, tgts 5057-62, 5070-85. Sellers SL 5048, Buyers SL 5029.

4:39PM
Sell Crude with SL 5065, TGTs 5040, 5025, 5015, 5000.CMP 5057/58 If SL Safe.

Today's calls 28-Oct-2014

Now Breakout Levels 4953/4991. Above 4991, I expect 5002-5012, 5035, 5045. Below 4953, I expect 4942, 4932, 4907, 4998. Below 4998, my refer my positional targets. MY STRATEGY IS STILL SELL ON RISE.

Sell crude with sl 5003/5015, Cmp 4985, tgts check above n my other tgts.
Best entry between 5045-5085 if u get with sl 5120.

All views stopped. Will post my view after my analysis. As of now, no calls.

9:21PM
Today's last call:

Buy crude at cmp 4970 or on dips between 4947-4930, sl 4895, tgt 5027, 5055, 5075, 5100, 5156, 5198, 5235.

Today's Calls 27-Oct-2014

4:00 PM
Below 4977, crude weak as per my view. I expect lower circuit from here.

Sell can be initiated at cmp 4978 or on rise between 4985-4990 with SL 5003.
My tgts: 4950-4940, 4915-4910, 4890-4870, 4840-4826, 4705.

Any break of 4949/4944 Crude weak.

Check my positional chart for my positional view.

 8:35PM 2nd call
Sell crude at cmp 4971 if you get or on rise. Strict SL 5003, TGT 4900, n my other tgts.

COMEX SILVER VIEW 26-OCT-2014

CMP 17.16.

Based on my monthly chart, If silver restricted by 37.50, I expect Silver to make a down move towards 11.30.

Based on Weekely chart, If silver restricted by 25.05/26.11, I expect 15.41, 13.79-13.18 on the down side.

Based on my Daily Chart, If Silver restricted by 22.15, I expect more down side and expect 16.22, 14.75.

Now, If Silver restricted by 21.57/25.05/26.11/37.50, I expect minimum down side target 16.43.

As long as 21.57 holds resistance, sell on rise is the strategy for targets

16.43, 16.22, 15.41, 14.75, 13.79, 13.18, 11.30.
Strict SL 21.7/22.


ALTERNATE VIEW
What can happen if 16.64 supports and if this move is wave 2 correction?

If wave 2 correction is not over then, we can see 17.78 again and further targets, 18.21, 18.48-18.53, 19.1, 19.62-19.69. Buyers Stop loss can be 16.5.

If you get these upper levels, sell can be initiated with strict SL 21.7/22.


Sellers SL: 21.7/22.00. TGTs: 16.43, 16.22, 15.75, 15.41, 13.79, 13.18, 11.30.
Buyers SL: 16.5/16.40. TGTs: 17.78, 18.21, 18.48-18.53, 19.1, 19.62-19.69.

Trading against the trend is always risky. SELL ON RISE is my STRATEGY.

But I am still bearish and expecting down move below 16.64.

NOTE: ANY MOVE BELOW 16.64, I AM HIGHLY BEARISH AND WE CAN SEE MY DOWN SIDE TARGETS.

GOOD LUCK!!!

PRESENT CHART - 12-MAR-2015

 

MCX Crude Positional View (long term) 25-Oct-2014

4950-4940, 4920-4900, 4826, 4770, 4705. ALL TGT DONE.

Positional Down Move Views Given Previously.

01-Aug-2014
Long term positional targets are: 5640, 5248, 5294, 5078.
http://freecommodityanalysis.blogspot.in/2014/08/positional-view-mcx-crude-01-aug-2014.html

21-Sep-2014
Targets on the down side are: 5433, 5136, 4824, 4707, 4394, 4321.
http://freecommodityanalysis.blogspot.in/2014/09/mcx-crude-view-21-sep-2014.html

PRESENT POSITIONAL VIEW (LONG TERM) 25-OCT-2014
CMP 4972.

As per my Monthly chart, 50% retracement (blue line) of crude lies at 4705.

Further retracement levels are: 4705, 3983, 3440, 1626(100%).
Blue lines - retracement levels
Red/orange lines, wave 3 targets

As long 6548/6499 restricts, more down is expected.
Targets variation 1: 4826, 4705, 4405, 4322, 3983, 3591, 3500, 3440 (level to watch if we reach here), 3086.

Targets variation 2: 4560-4548-4530, 4330-4315-4300, 4250-4232-4210, 3970-3953-3930(level to be watched, if we reach here).



My ultimate targets: 4350-4310, 3970-3930, 3620-3580.

As per my view, we will see some correction (wave 4 - normally 23.6%-38.2%) after next down move.


ALTERNATIVE SCENARIO:
If 4949 is the end of down move, we can expect wave 4 of wave 3 and the retracement levels are: 5170, 5306.

If so, upside targets are: 5170, 5224, 5306, 5329, 5394. Minimum tgt 5224. Strict SL 4940.

Will update after the confirmation on the trend on Monday.

As of now,
Sellers SL 5120/5200. TGTs: 4950-4940, 4920-4900, 4826, 4770, 4705.
Buyers SL 4940. TGTs: 5170, 5224, 5306, 5329, 5394.

NOTE: POSITIONALLY, STILL I AM BEARISH AND MY STRATEGY IS SELL ON RISE ONLY. POSITIONAL RESISTANCE 5884.

NYMEX CRUDE POSITIONAL VIEW 25-OCT-2014

Based on Weekly Chart,
If 94.90 resists, minimum downside targets are: 78.35, 73.5.

If crude resisted by 82.36/84.79, I expect big down fall, targetting 79.80, 77.7, 74.9.

 

Positionally, I am still bearish and expecting 78.4, 73.5, 65/57.5/53.

I expect minimum 78.5, 74.


Other targets:
80.05, 79.80, 78.34, 77.7, 77.2, 77.5, 74.80, 73.8.



Resistances : 82.36/84.79/88.20/91.80/94.89.

VIEW VALID AS LONG AS 94.89 HOLDS RESISTANCE.


What will happen if 84.79 is not the end of correction?
Crude will take support at 79.80, and then make an upside move towards, 84.79, 85.80-86, 86.6, 87.21, 87.7-88.3.

But as per my view the minimum correction completed at 84.79.

 

For any Sell Strict SL 82.5/85. TGTs: 79.80, 78.5, 74. Small/Other targets check above.

MCX Crude View 24-Oct-2014

CMP 5026

As long 5114, 5118, 5199 resists I am still bearish in Crude.

SELL ON RISE is my Strategy.

Sellers Strict Stop Loss: 5120.
Minimum target: 4967.


Based on 15min TF, Crude done minimum retracements at 5039. Further retracement levels on the upside are: 5041, 5058, 5071[level to watch], 5082. Best Sell entry between 5060-5085.

If 5114 resists and any reversal from the above levels,
Down side targets: 4933, 4913, 4884, 4826, 4740.
CMP: 5026, Stop Loss 5120.

Based on 15m, 1H and Daily TF, If 5114, 5118, 5199 resists, I expect 4954-4949, 4884-4879-4860, 4797-4790, 4740-4735, 4677.
Sell at cmp 5026 or on rise between 5060-5085 with Strict SL 5120.
If crude breaks 5118, I'll be reanalysing my chart.

Take care friends. Good Luck.

My targets:
4954-4949, 4884-4879-4860, 4797-4790, 4740-4735, 4677.

NYMEX Crude Analysis 24-Oct-2014

23-10-2014 08:12
My Trade Idea:

1. Buy Crude at CMP 80.48 with Strict SL 81.10, TGT 81.10-81.25, 81.50-81.60, 81.70-82.00, 82.2.

2. Sell between 81.50-82.25, SL 83.5, TGT: 80.1, 79.3, 78.9, 78.3, 77.3, 75.50.

3. Any move below 81.05 before crossing 81.7, Sell with SL 80.80 for the same down side targets.


AS I WAS READING MY CALL AGAIN, I REALISE THAT MY NUMBERS WERE WRONG. HERE BELOW THE EXACT NUMBERS AND ANALYSIS.


How the buy call given and how it is moving now? This is how I analysed and gave the buy and sell calls.

As per my analysis,
Resistances: 83.24/83.13 (start of wave)
Support: 80.05 (end of wave)

Based on this, I expected retracement / correction on the upside.
Retracement levels: 80.77, 81.22, 81.59, 81.95, 82.33, 82.47.

I expected minium correction 80.77(23.6%) and 81.22 (38.2%). When I gave the buy call high was 80.70.

So, I gave
1. Buy Crude at CMP 80.48 with Strict SL 81.10, TGT 81.10-81.25, 81.50-81.60, 81.70-82.00, 82.2.

Crude made high 82.36 which is more than 70.7%. According to my, my best sell entry is at 70.7%.
So, I gave

2. Sell between 81.50-82.25, SL 83.5, TGT: 80.1, 79.3, 78.9, 78.3, 77.3, 75.50.
82.23 (70.7%)


3. Any move below 80.05 before crossing 80.7, Sell with SL 80.80 for the same down side targets.
As per my analysis, If 80.7 was the end of correction, any move below 80.05 is next down move, so, I gave safe sell below 80.05 with SL 80.80.

But crude broken 80.7 and went up to my upside targets.



View 24-10.2014
Resistance 84.79 (Start wave).
Support: 80.05 (end of wave).

My strategy still remains the same SELL ON RISE.

As per my present wave count,
Retracement levels: 81.17, 81.86, 82.42, 82.97, 83.40 (level to watch n best sell entry), 83.77, 84.79 (100%)
We can sell crude at any level, but best entry would be if we get between 82.95-83.5. Positional SL: 85.

Targets: 80.1, 79.8, 79.14, 78.26, 77.33, 75.57.


THIS VIEW IS VALID AS LONG AS 84.80 HOLDS RESISTANCE.

Today's Calls 24-Oct-2014

7:12 AM IST
Sell Gold CMP 1231 or on Rise, SL 1246/1256, TGT 1224, 1217, 1210, 1200, 1192.

NYMEX Crude view 24-Oct-2014

If crude resisted by 84.80, I expect big fall.
And the down side targets are:
Small targets: 81.30, 79.80, 79.14, 78.26, 77.33, 75.57
My ultimate targets: 79.80, 78.3, 75.6.

Trade Idea: SELL ON RISE or Sell at CMP 81.76 with Stop Loss 83.5/85.
As of now the stop loss is big.

Today's Calls 23-Oct-2014

1:42 PM:
CMP 80.48


My Trade Idea:
Buy Crude at CMP 80.48 with Strict SL 80.10, TGT 81.10-81.25, 81.50-81.60, 81.70-82.00, 82.2.

Sell between 81.50-82.25, SL 83.5, TGT: 80.1, 79.3, 78.9, 78.3, 77.3, 75.50. SELL ACTIVATED AT 81.7.

Any move below 81.05 before crossing 81.7, Sell with SL 80.80 for the same down side targets.

MCX Crude up/down move Views 22-Oct-2014

CMP 5086

Supports: 4997, 4945.
Resistances: 5117, 5224.

Breakout Levels: 4997/5117

As per my view, I expect big move on breakout.
Above 5117, I expect 5180-5195, 5224-5240, 5265-5280, 5295-5310, 5480-5500

Below 4997, I expect 4945, 4880-4863, 4785-4773, 4710-4699, 5650-4636.

Today's calls 22-Oct-2014

[10/22, 10:23 AM] kacraj: Sell crude between if u get 5085-5100, sl 5120, tgt 5020, my other tgts
[10/22, 10:27 AM] kacraj: No other views until 5118 holds. Trade safe n enjoy the day. Happy trading. Don't hold if sl hit.

1:31pm entered at 5092.

 My Next Targets: 4945, 4880-4863, 4785-4773, 4710-4699, 5650-4636.

1:34 pm

[10/22, 1:33 PM] kacraj: Nickel can be sold at Cmp 939/940
[10/22, 1:34 PM] kacraj: Tgts 923, 917, 905, 890, 870.
Already another sell running from 960.5

Today's Views n Calls 21-Oct-2014

6:23 AM
Morning view: As long as 5226, $85 resists, sell on rise is the strategy. Min tgt 4950, $79.80. My next positional tgts 4870/4707, $78.

Sell Crude cmp 5062, SL 5083/5096, TGT 5025, 5015, 4990 n my other tgts.

Now Res 5094/108/199/238/298. As long as 199 resists my view is bearish and my tgts 4944/4870/4790/4707. Small targets 5025/5015. Happy Trading Friends!!! As long as 5199 resists MY STRATEGY SELL ON RISE.

12:48 PM
As per my view, sellers need to wait for upper level. Support 5044, resistance 5199. Now, I expect to see 5095, 5117, 5132, 5155.
Best sell entry would be between 5145-5175 if you get with sl 5201 for 4950 first If SL SAFE.
But trade as per your comfort. Can book at every 50pts, if SL safe.

4:11pm

Crude is trading between 5092-5065 for long time. Breakout tgts: upside 5105-111, 128-135. Downside 5050-5045, 5025-5018

5:29PM
Hi Risk Sell copper cmp 409.20, SL 411.1, TGT 405, 403, 399, 396 n more If SL SAFE.

10:05pm

[10/21, 10:05 PM] kacraj: Today's last call

[10/21, 10:06 PM] kacraj: Sell crude if u get 5050-5055, sl 5068, tgt 4997, 4976, 4870, 4795

[10/21, 10:07 PM] kacraj: Can also go at Cmp 5046

Today's Calls 14-Oct-2014

Oct 14, 2014 08:19AM GMT

Sell Crude CMP 85.44 or on rise between 85.56-85.7, SL 85.95/86.4 Strict. Targets: 84.5, 83.6, 81, 80, 79.5. Just my View.

Sell MCX Crude at CMP 5232 or on rise between 5240-5260, SL 5302, TGT 5150, 5085, 5050, 5000, 4980, 4870. LOW 5003.

Today's Calls 20-Oct-2014

Oct 19, 2014 11:52PM GMT in investing.com
High Risk sell Crude at CMP 82.69 or on rise, Strict SL 84.10/85, Small TGTs: 81.95-81.70, 81.40.81.30, 81, 80.75, 80.4, 79.8. Other Targets79.80, 78.25, 77.26, 75.50.

[10/20, 11:38 AM] kacraj: Sell copper Cmp 407.55

[10/20, 11:39 AM] kacraj: Sl 411, tgt 404/403, 399, 396

[10/20, 11:40 AM] kacraj: Or sell on rise with same sl strict

[10/20, 2:00 PM] kacraj: HIGH RISK SELL NICKEL CMP 960.70/961, SL 974, TGT 932, 917, 905

USDINR Positional View 19-Oct-2014

As per my analysis, I am still bullish and expecting, more upside minimum targetting 62.44, 62.90.

If USDINR supported by 60.49/60.17, upside targets are: 61.81 (done), 62.10, 62.44, 62.64, 62.92.

My positional targets are: 62.90, 63.90, 65.

 Long term upside target: 68+++.

MCX Crude Positional View Down Move 18-Oct-2014

POSITIONAL DOWN MOVE VIEW
Crude already done 1000pts from my positional view given on 1-Aug-2014. It has done minimum targets. Now I expect next target as 4800-4700 before reversal. Let us wait and see.


Based on my Monthly chart,

Support: 1626
Resistance: 7784.

Retracement Levels are: 6335, 5438, 4707, 3983, 3440(70.7%).

My wave calculations are:
Wave A: 5640
Wave B: 6548

Expecting Wave C target as 4322.

Wave C will have 5 wave down move.
As per my analysis, crude has done my minimum downside targets at 4950 levels.

Now, If crude resisted by 5239/5224/5158,. we will see 4949 again.
And my downside targets: 4894, 4777/4707, 4488.

Crude Positional view of Down Move 18-Oct-2014

AS PER MY ANALYSIS GIVEN ON 01-AUGUST-2014, Crude done most of my targets from
http://freecommodityanalysis.blogspot.in/2014/08/nymex-crude-positional-down-move-view.html


Support: 33.19
Resistance: 114.82

Retracement Levels: 83.79, 74.25, 64.50, 57.27(70.7), 50.84, 33.19 (100%).

Now support Levels: 77.26, 74.95.
Any break of the above support levels, more fall in crude expected.

As per my calculations/views, if
74.94 (wave A)
112.21 (wave B) then,

Wave C targets are: 74.15, 72.22, 65.63, 64.50, 59.84, 57.27-57.11 (70.7%), 50.50.

For this view to be valid, 74.94 has to broken first.

Resistance: 107.67.
As crude broken the support 91.24, I expect the down side targets:
86.73, 86.29, 83.25, 81.83 (crude done tgts up this. Made low 79.80), 78.75, 78.31, 74.

As per my Analysis, If 94.89 is the start of wave 5, crude done minimum down side targets at 86.31, 84.28.

Based on 1H tf, If 84.79 is start of wave 5 of 5, then down side targets are 79.80, 78.25, 77.26, 75.50 n more.

Based on 15m tf,
Resistances: 84.42, 84.79.

If 84.42, 84.79 resists, I expect to see 81.95-81.70, 81.40.81.30, 81, 80.75, 80.4, 79.8. Any move below 79.80, big down fall expected.
Check my monthly analysis for targets below 79.80.

Will update with POSSIBLE UP MOVE (if 79.80 is the end of move) view later.

Crude View Update 13-Oct-2014

CMP 5178.

As per my analysis, the correction completed at 5298.
Now can go for sell at CMP or on RISE between 5190-5200 with SL 5210/5300 for tgts 5132, 5085, 5050, 5000, 4970, 4900, 4870, 4820.

Comex Copper View 13-Oct-2014

CMP 3.0248
Resistance: 3.2775/3.5183/3.9790
Supports: 1.4070/1.2475

If Copper Resisted by 3.2775/3.5183/3.9790, I expect minimum 3.9813.

I am bearish below 2.8930. Below 2.8930, I expect 2.8200, 3.6100, 2.4000, 2.0000, 1.7200 positionally.

MCX Copper 12-Oct-2014

CMP 414.40

Based on my Analysis,
Long term positional targets: 399-397, 392, 381, 374, 370, 364, 345, 325, 318.
Resistance: 422, 435, 440. Any move above 440 will change trend.

If Copper restricted by 416.15/422, I expect in short term 408, 406-405, 400-398.

on Investing.com
Oct 13, 2014 04:25AM GMT
Any move below 390, we will see 381, 374, 370, 364, 345, 325, 318 positionally. But if supports we will see 500+. Resistance 422/440. For BULL run, copper needs to break 440. For BEAR run, copper needs to break 390. Buyers SL 389. But I am bearish and expect a break of 390. In short term I expect to see 406/400/395.

Crude View 12-Oct-2014

CMP: 5284

As per my analysis. I expect small up move as correction and from there expecting a fall minimum 5132.


Supports: 5183, 5159, 5132.
Resistances: 5477, 5573.

If crude supported by 5183, 5132, we will see [5310-25], 5350-5367, [5390-5410], 5435-40.

Reversal from any of the above levels, we will see 5132 first.

Downside targets: 5132,  5100-[5085/84]-5090, 5050, 4915,4821.


STRATEGY:
Buy on Dips with SL 5180/5155/5130, for the up move targets.
Sell on Rise with Strict SL 5477/5573, for the down move targets.

Buy on dips first and Sell on Rise.

2:38 PM
UPDATE:
CMP 5178.

As per my analysis, the correction completed at 5298.
Now can go for sell at CMP or on RISE between 5190-5200 with SL 5210/5300 for tgts 5132, 5085, 5050, 5000, 4970, 4900, 4870, 4820.

Crude view 11-Oct-2014

Cmp: 85.58, 5293.

[10/11, 11:11 AM] kacraj: Still no reversal in crude. As per my NYMEX view: res 88. Sell on rise, min tgt 83.60.
My tgt 79.5.

[10/11, 11:12 AM] kacraj: Mcx tgt 5132 minimum.
[10/11, 11:13 AM] kacraj: My tgt 5050, n below 4999.

CRUDE Analysis Update given on 01-Aug-2014

NYMEX
Based on My chart, I expect 96.2, 92, 88, 85, 81 Long Term Positional.
http://freecommodityanalysis.blogspot.in/2014/08/nymex-crude-positional-down-move-view.html

Chart on 01-Aug-2014

Present Chart on 10-Oct-2014

LOW: 84.13







MCX
Long term positional targets: 5933, 5852, 5784, 5719, 5640, 5584, 5363, 5300, 5085.
http://freecommodityanalysis.blogspot.in/2014/08/positional-view-mcx-crude-01-aug-2014.html

Chart on 01-Aug-2014

Present Chart on 10-Oct-2014

 LOW: 5241.

Based on My chart, I expect 96.2, 92, 88, 85, 81 Long Term Positional. - See more at: http://freecommodityanalysis.blogspot.in/2014/08/nymex-crude-positional-down-move-view.html#sthash.ceLFJDyv.dpuf

09-Oct-2014

[10/9, 10:01 AM] kacraj: SELL COPPER AT CMP 412.25 or on rise between 413-414
[10/9, 10:02 AM] kacraj: Sl 417.2, tgt 409, 405, 401, 395, 395. Positional call.

[10/9, 10:05 AM] kacraj: Below 5350, crude weak
[10/9, 10:06 AM] kacraj: Tgt 5325, 5300, 5290, 5170...
[10/9, 10:06 AM] kacraj: Or one can buy now with sl 5348
[10/9, 10:07 AM] kacraj: Tgt 5415, 5445, 5500, 5620
[10/9, 10:08 AM] kacraj: Now sell closed n buy active with sl 5348
[10/9, 10:08 AM] kacraj: Breakout sell below 5348 will be active
[10/9, 10:08 AM] kacraj: Cmp 5367

8-oct-2014

[10/8, 8:55 PM] kacraj: I still expect another down move min 5351
[10/8, 8:55 PM] kacraj: Sellers sl above 5415
[10/8, 8:57 PM] kacraj: My last call for the day:
[10/8, 8:58 PM] kacraj: Sell on rise or at cmp sl 5417, tgts 5351, 5320, 5290, 5170
[10/8, 8:58 PM] kacraj: Cmp 5383
[10/8, 8:59 PM] kacraj: Best entry between 5395-5400
[10/8, 9:00 PM] kacraj: Tc, bye friends

Cmp 5395.

Today's calls 07-Oct-2014

[10/7, 8:05 AM] kacraj: Advanced call:
[10/7, 8:06 AM] kacraj: Levels for crude sell: 5583, 5616, 5648/55
[10/7, 8:06 AM] kacraj: SL: 5757
[10/7, 8:06 AM] kacraj: TGT: 5477, 5410, 5370, 5290

Crude positional view

[10/1, 11:41 AM] kacraj: Global mkt is in down mpve
[10/1, 11:48 AM] kacraj: Sell tgt 5485/79, 5319
[10/1, 11:48 AM] kacraj: Confirm 60%
[10/1, 11:49 AM] kacraj: Nymec tgt 87--
[10/1, 11:50 AM] kacraj: Note this
[10/1, 11:51 AM] kacraj: Positional buy at 5300-5350
[10/1, 11:51 AM] kacraj: Tgt 7000+
[10/1, 11:51 AM] kacraj: Crude is in big fall

Today's View 01-OCT-2014

Daily TF views:
Please have an eye on USDINR before trade. Positionally INR up move.

All BMs (Copper, Nickel, Alum, Zinc) down.
Copper - Res 439.40/434.90/422. copper targets 415, 410, 408, 404, 400, 395.
Nickel - Res 1280/1204.
Alum - Res 129.
Zinc - Res 147/145.60.

GOLD - Positionally I am bearish. my tgt 1182/ 1100/900$.
Crude - Sell on Rise. SL 5900, TGT 5550, 5500, 5485/60, 5325-5300.
Mentha Oil - Bullish. Support 655. (check positional view).

USDINR Positional View 01-OCT-2014

USDINR
Based on my daily Chart, I expect USDINR to move up. It has already done minimum upside move at 60.80, but still I expect upside move.
Upside retracement levels: 62.25-62.30, 63.40-63.55, 64.50-64.75, 65.50-65.70, 66.40-66.60. Above 68.75 Highly Bullish.

Note: Already broken res 61.73.

Support: 58.30.

Based on my wave count, I expect up move with base support at 58.34/60.17.
Upside targets: 62.45-62.60, 62.90-63.10, 63.75-63.90, 65-65.20, 66.20-66.50, 67-67.30.
Above 68.73 HIGHLY BULLISH.

Present Chart - As on 03-MAR-2015