5:17 pm IST.
CMP 43.11.
THIS VIEW IS NOT YET CONFIRMED.
IF ANYONE IS IN TRADE PLEASE EXIT.
CMP: 43.39
Crude View Short Term:
As per the positional view view on 01-Aug-2015, crude reached 43-42.90 from 45.28. But still I expect to see 42.15, 41.65, 41.05, 40.89 positionally.
Now,
If 42.69 holds support, I expect to see upside correction. Upside targets are: 44.55-44.81, 45.75-46, 46.85-47.19.
Retracement levels: 47.19, 50.
If you notice in the above chart, wave 3 extended and made 7 waves. wave 3 of 3 extended 261.8%.
As of now, for any buy max stop loss is 42.60. Below 42.60, I expect my positional downside targets 42.15, 41.65, 41.05, 40.89.
Positional View:
http://rajmarketresearchanalysis.blogspot.in/2015/08/wti-crude-positional-analysis-01-aug.html
As of now, I still expect the lower targets as per this view. But, now, for short term, SL 48.65/49.55 is invalid and targets are still valid.
ALL THE BEST.
TRADE AT YOUR RISK. READ DISCLAIMER BEFORE TAKING TRADE DECISION.
Crude View Short Term:
As per the positional view view on 01-Aug-2015, crude reached 43-42.90 from 45.28. But still I expect to see 42.15, 41.65, 41.05, 40.89 positionally.
Now,
If 42.69 holds support, I expect to see upside correction. Upside targets are: 44.55-44.81, 45.75-46, 46.85-47.19.
Retracement levels: 47.19, 50.
If you notice in the above chart, wave 3 extended and made 7 waves. wave 3 of 3 extended 261.8%.
As of now, for any buy max stop loss is 42.60. Below 42.60, I expect my positional downside targets 42.15, 41.65, 41.05, 40.89.
Positional View:
http://rajmarketresearchanalysis.blogspot.in/2015/08/wti-crude-positional-analysis-01-aug.html
As of now, I still expect the lower targets as per this view. But, now, for short term, SL 48.65/49.55 is invalid and targets are still valid.
ALL THE BEST.
TRADE AT YOUR RISK. READ DISCLAIMER BEFORE TAKING TRADE DECISION.
