11:07 PM IST: Upside breakout high as of now 57.05.
Update 9:17 PM IST
Crude is trading in a triangle. I expect big move on anyside breakout.
Present Chart 10:35 PM IST
Breakout made high: 56.47.
Update 16-Apr-2015 8:02 PM IST
Update 9:17 PM IST
Present Chart 10:35 PM IST
Update 16-Apr-2015 8:02 PM IST
As per my previous analysis, Crude made hit my small targets upto 55.08.
As per my view, we are in Wave 4 and the correction is getting more complex.
As per wave 4 characteristic, there is a possibility of making new high before fall.
As of now resistance is at 56.70.
CMP 55.80. Call Closed. Will give my new call later. If anybody still holding then max sl is now 56.70 for other targets.
As per my chart, Still I expect to see 55.08 again.
Below 55.08, other targets are: 54.7, 54.5, 54.10, 53.55, 53, 52.65.
For other small targets please check the chart.
Update 16-Apr-2015 5:15 AM IST
As per my present view, I expect Crude will be restricted by 56.75 and make correction on the down side.
On the downside I expect to see 55.8, 55.60, 55.45, 55.3, 54.95, 54.40, 53.70, 53.
I expect reversal between 54.6-54$. Any move below 52.5, my analysis is invalid and will be reanalysing.
But still I would like to see another up move minimum towards 56.7, 57. Other targets: 58.5, 59.3, 60.8, 62.4, 63.
SELLERS SL: 56.7, BUYERS SL 52.5.
Trade Idea 1: Sell crude at cmp 56.13 or on rise between 56.2-56.5, max sl 56.75 for 55.8, 55.60, 55.45, 55.3, 54.95, 54.40, 53.70, 53.
Trade Idea 2: Buy on dips between 54.6-54 with max sl 52.5 for 56.7, 57, 58.5, 59.3, 60.8, 62.4, 63.
TRADE AT YOUR RISK.
1:57 PM IST
As long as NYMEX resisted by 56.7, I expect to see 55.80, [55.30], [55.15], 55-54.80, [54.5].
Break of 55.80 needed for this view.
Downside targets: 55.8, 55.30, 55.15, 54.8, 54.40.
Small targets: 55.8, 55.60, 55.45, [55.30] 55.15, 55, 54.80, 54.95, 54.40, 54.26, 54.06, 53.91, 53.86, 53.70, 53.53, 53.38, 53.
4:21 PM IST
First target 55.30 Hit.
Update 15-Apr-2015 8:26 PM IST
Targets from 50.55/50.35/51.3 up to 55.15 Done.
Crude is nearing the top line of the TRIANGLE. High Possibility of Trend Reversal. Will update my view tomorrow.
Other targets: 55.55, 56.00, 56.25, 57.4, 57.8, 59.
Present View 14-Apr-2015 11:25 PM IST
Targets from 50.55/50.35/51.3 up to 53.7Already Done.
Now, As long as Crude supported by 51.40/50.00, I expect to see more upside. Break of 54.2 is needed.
Upside targets: 54.1-54.20, 54.45, 54.85, 55.15, 55.55, 56.00, 56.25, 57.4, 57.8, 59.
My Stop Loss is now 50$. Still my startegy BUY ON DIPS. Will update Stop Loss later.
PREVIOUS VIEWS FROM 6-APR-2015
6-Apr-2015
As per my Analysis, I expect to see 52.4, 54, 57, 58.6, 59.5, 63.2 positionally, if crude supported by 47, 43.58, 42.42.
Updated Chart 10:20 PM IST, 8-Apr-2015
10-Apr-2015
1:13 PM IST
Buy Crude at CMP 50.55 or on dips, SL 49.5/49 (max), TGT: 52, 53, 54.2, 56.6.
6:26 PM IST
SL Changed to 50
RISKY BUYCrude at CMP 50.35, SL 50, TGTs: 50.60, 50.90, 51.2, 51.4, 51.7, 52.2, 52.9, 53.5...
8:43 PM IST
SMALL SL 50, BIG SL 49.5/49
11:38 PM IST
3rd Call: Buy Crude at CMP 51.3 or on dips between 51.00-50.50 if you get, Strict SL 50, TGT: 51.9, 52.3, 52.6, 53, 53.7, 54.8.
Positional SL 50/49.5/49
14-Apr-2015 Chart
MCX Crude 6-Apr-2015
[4/6, 4:36 PM] ckacraj: As long as crude supported by 2950/2945, I expect to see 3310, 3460, 3560, 3610, 3700+++
Trade at Your Risk.
ORIGINAL POSTS:
http://freecommodityanalysis.blogspot.in/2015/04/nymex-crude-analysis-6-apr-2014.html
http://freecommodityanalysis.blogspot.in/2015/04/nymex-view-given-on-06-apr-2015-update.html
