8:29 AM IST
Still the blow view is valid and I stick with this.
http://rajmarketresearchanalysis.blogspot.in/2015/06/wti-crude-analysis-06-jun-2015.html
WILL BE UPDATING MY POSITIONAL ANALYSIS TOMORROW. STAY TUNED.
7:28 AM IST
CMP 58.12
Support: 58
Resistance: 60/61.60.
SMALL SL 58$ HIT NOW. THIS VIEW IS INVALID .
As long as crude supported by 58$, I expect to see 59.21 again. Further, I expect to see 59.34, 59.55, 59.80, 60.03, 60.21, 60.50-60.55, 60.73.
As long as Crude resisted by 61.6/62.6, I expect to see 58, 56.50 and more down side.
Trade Ideas:
1. Buy Crude at cmp 58.15, SL 58/57.75 max, TGTs: [59.21], 59.34, 59.55, 59.80, [60.03], 60.21, [60.50-60.55], 60.73.
2. Sell between 60.20-60.90, SL 61.65, TGTs: 59.55, 59.05, 58.55, 58, 57.55, 57.05, 56.50.
3. Sell below 58 with SL 59.30 for 58.55, 58, 57.55, 57.05, 56.50.
All the best.
