Wednesday 3 June 2015

Crude Positional View 03-Jun-2015

[6/3, 8:10 PM] ckacraj: [6/3, 8:06 PM] ckacraj: Now, I am into positional SELL
[6/3, 8:07 PM] ckacraj: My SL3936

[6/3, 8:08 PM] ckacraj: Since my calls recently hit sl, no calls, but this my personal trade.
Entered at 3890



POSITIONAL VIEW OF CRUDE 03-Jun-2015 6:38 AM IST

MCX Crude

Resistance: 4000.
As long as crude resisted by 4000, I expect to see 3630 again. Other targets: 3555, 3489, 3403. Break of 3867 needed.
Any move above 3990, this view is invalid.

Support: 3630.
Above 4000, I expect 4034, 4141, 4255, 4355, 4455.

Buyers SL: 3630
Sellers SL 4000

WTI Crude

CMP: 60.88
As long as crude resisted by 62.57, I am bearish and expecting to see 59.52, 58.81, 58.26, 56.50, 55.07, 54.18. 52.75.
Break of 59.33 needed for down move.

Alternate View:
If crude breaks 62.57, I expect to see 63.4, 66, 67, 68.9. Support 56.50.

For any buy SL: 56.50
For any Sell SL 62.65.

I am still bearish and expecting lower levels.
Sell can be initiated at cmp 60.88 with max sl 62.65 for downside targets.


All the best.