78.5-78.25, 77.5, [76.3] DONE.
CMP 80.71
Based on my Monthly/Weekly chart, If crude resisted by 114.82, 112.21, I expect minimum 75, 72.5.
Other targets: 75.25-74.95, 72.75-72.35, 66-65.65, 63.3-63.05, 60-59.75, 57.5-57.15, 50-50.45, 48.25-47.9.
Based on my Daily chart, If crude resisted by 107.67, I expect 78.8-78.3.
Crude already done small targets at 83.25, 81.78.
But still I expect minimum 78.8-78.3. Other targets: 74.95, 73.86.
If crude resisted by 94.89, I expect 77.9-77.67-77.5, 73.8-73.65, 73.4-73.20, 71.5-71.17-71, 69.3-69.18-69, 67.75-67.54-67.3, 67.3-67.07-67.
If crude resisted by 84.79, 82.87, I expect, 79.45 again.
Other targets: 78.26, 77.57, 76.20, 75.55, 74.27, 72.95, 72.45.
If crude supported by 79.55, I expect upside retracement.
Resistance 82.87
Retracement levels: 80.33 (done), 80.82, 81.21, 81.60, 81.89, 82.15, 82.87 (100%).
Reversal from any of these levels, my first target 79.55.
If crude supported by 79.55, I expect up move.
If 80.77 resists, I expect small down move towards 80 and then up move towards 81.5,
Other levels and targets plz, check the chart.
However, I expect 82.87 will resist and reversal from any level, first target 79.55.
Strategy: SELL ON RISE with Strict Stop Loss 83/85 for the below targets.
Positionally, my ultimate targets on the down side are: 78.5-78.25, 77.5, [76.3], 75-74.9, 73.5, [72.8].
THIS VIEW IS VALID AS LONG AS 83, 85 RESISTS. TRADE AT YOUR OWN RISK.
ALL THE BEST. HAPPY TRADING!!!
High Level Chart
CMP 80.71
Based on my Monthly/Weekly chart, If crude resisted by 114.82, 112.21, I expect minimum 75, 72.5.
Other targets: 75.25-74.95, 72.75-72.35, 66-65.65, 63.3-63.05, 60-59.75, 57.5-57.15, 50-50.45, 48.25-47.9.
Based on my Daily chart, If crude resisted by 107.67, I expect 78.8-78.3.
Crude already done small targets at 83.25, 81.78.
But still I expect minimum 78.8-78.3. Other targets: 74.95, 73.86.
If crude resisted by 94.89, I expect 77.9-77.67-77.5, 73.8-73.65, 73.4-73.20, 71.5-71.17-71, 69.3-69.18-69, 67.75-67.54-67.3, 67.3-67.07-67.
If crude resisted by 84.79, 82.87, I expect, 79.45 again.
Other targets: 78.26, 77.57, 76.20, 75.55, 74.27, 72.95, 72.45.
If crude supported by 79.55, I expect upside retracement.
Resistance 82.87
Retracement levels: 80.33 (done), 80.82, 81.21, 81.60, 81.89, 82.15, 82.87 (100%).
Reversal from any of these levels, my first target 79.55.
If crude supported by 79.55, I expect up move.
If 80.77 resists, I expect small down move towards 80 and then up move towards 81.5,
Other levels and targets plz, check the chart.
However, I expect 82.87 will resist and reversal from any level, first target 79.55.
Strategy: SELL ON RISE with Strict Stop Loss 83/85 for the below targets.
Positionally, my ultimate targets on the down side are: 78.5-78.25, 77.5, [76.3], 75-74.9, 73.5, [72.8].
THIS VIEW IS VALID AS LONG AS 83, 85 RESISTS. TRADE AT YOUR OWN RISK.
ALL THE BEST. HAPPY TRADING!!!
High Level Chart
