NYMEX Crude Analysis 10-MAY-2015

14-May-2015 7:45 AM IST
As per my analysis and expectation, Crude went up to my best sell entry and topped at 61.83. Now for any sell max sl can be 62$.

As per my present view, any break below 58.7, I expect to see: [58.2], [57.40], 57.15, [56.5], 56.4, 55.7, [55.45], [54.7], 53.75, 53, [51], [50.3].

New sell entry can be between 60.7-61.2 if you get with max sl 62$. All the best.

13-May-2015: Below 58.1, I expect 57.2, 55.5, 54.5, 51.2, 50, 47, 45.6, 42.42, 41.3. Resistance: 62.6.


13-May-2015 5:28 AM IST

Now Crude getting into confusion. As per my view, if we have completed wave 4, crude should not go above 62.6. As per my previous view, crude has come to my ideal SELL entry. So for any sell now strict sl 62.61.

If we break 62.6, we may see another up move before fall.

Sellers must be cautious with strict stop at 62.61 or can wait for down move confirmation.

5:51 AM IST
Risky Sell Crude at cmp 61.25 with SL 61.7/62.61 (max) for 59.6, 58.2, 57.2, 55.5, 54.5, 51.2, 50, 47, 45.6, 42.42, 41.3.

Breakout Levels: 58.14/62.6.
Above 62.6, I expect 64, 65.2, 65.8, 67.6, 68.2, 69, 70.5. Support: 58.
Below 58.1, I expect 57.2, 55.5, 54.5, 51.2, 50, 47, 45.6, 42.42, 41.3. Resistance: 62.6.


ALL THE BEST.

10-May-2015

Where are we heading?
Is wave 4 completed?

Risky sell can be initiated between 60.00 - 61.7. max sl 62.55. Targets: 57.9, 54.90, 52.50, 50.15, 48.4, 43.7, 42.5, 37.
Best sell entry 61-61.70 if you get.

 

Channel 1 Broken

 

Channel 2 Broken

 

Head & Shoulders?

 

Are we in Wave 5?

10-May-2015 Chart

 

Present Chart 12-May-2015

My View: As long as 62.60 resists, I  expect to see lower levels.

Where are we heading?

Is wave 4 completed?

Risky sell can be initiated between 60.00 - 61.7. max sl 62.60. Targets: 57.9, 54.90, 52.50, 50.15, 48.4, 43.7, 42.5, 37.
Best sell entry 61-61.70 if you get.

READ DISCLAIMER BEFORE TAKING DECISION.