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.
.png)
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.
.png)
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.
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.
