Tuesday 28 April 2015

NYMEX Crude View 28-Apr-2015

29-Apr-2015 8:14 PM IST:



28-Apr-2015

As long as Crude is within channel, and 56/55.70 holds support, I expect to see 56.95, 57.22, 57.48, 57.69, 58.38, 59.88, 60.78, 62.22, 63.12 on the upside.

Already buy has been initiated at 56.50. New buys can be initiated at cmp 56.70 or on dips between 56.50-56.20.
For any Buy, Strict SL 56/55.70 (max)

This view is invalid if crude breaks 55.70$.



10.44 PM IST

CMP 57.08
Breakout Levels: 56.05/57.85

Above 57.85, I expect 58.20, 58.45, 58.85.
Above 58.45, I am bullish and expecting 59.88, 60.78, 62.22, 63.12

Below 56.05 I am highly bearish and I expect 55.45, 55.05, 54.35

 Already buy from 56.50/56.62 has done targets upto 57.69. Now revised SL for this buy can be 56$.

Call 2:
RISKY Trade Idea: Can buy at cmp 57.08 with Strict SL 56.70/56 (max) for 57.50 and for my upside targets.
Safe trade above/below breakout levels.


Old Charts
http://freecommodityanalysis.blogspot.in/2015/04/today-calls-views-24-apr-2015.html

TRADE IDEAS are based on my ANALYSIS. TRADE AT YOUR RISK. READ DISCLAIMER BEFORE TRADING.