Hi Friends,
READ DISCLAIMER BEFORE TAKING TRADING DECISION.
ORIGINAL POST
http://rajmarketresearchanalysis.blogspot.in/2015/08/wti-crude-positional-analysis-01-aug.html
3:26 AM IST
CMP 45.28
Where are we heading now?
As long as Crude resisted by 49.50, we are heading to
03-Aug-2014 targets:
45.32, 44.57. 43.76, 43, 41.63, 41.05, 40.89.
04-Aug-2015 targets:
44.69, 43.90, 42.96, 42.72, 42.15.
Targets: 44.7-44.55, 43.90-43.75, 43-42.90, 42.15, 41.65, 41.05, 40.89
All the best.
03-Aug-2015
Crude is ready for lower lows.
CMP 46.39
For Sellers SL: 48.65/49.55 STRICT.
Targets: 45.32, 44.57. 43.76, 43, 41.63, 41.05, 40.89.
01-Aug-2015
Hi Friends,
READ DISCLAIMER BEFORE TAKING TRADING DECISION.
01-Aug-2015
CMP 46.89
As per my monthly chart,
Support: 33.96
Resistance: 147.90
Crude broken multi year support/trend line 3 times (Jan, March, July 2015) and closed below the trend line this month also.
As per my chart, I still expect to see lower lows and expecting 41.55, 36.89, 34.01, 28.01, 24.89, 21$ positionally.
As per my weekly chart,
crude has done nearly 323.6% as wave 3. And made correction of upto 62.57 from the low 43.58.
As per my view, crude made irregular correction and made a new low at 42.42 and risen up.
If you notice, crude made more than 23.6% of wave 3 which is normal correction and started the fall.
And I am still expecting lower low in crude to complete WAVE III (higher tf) at min 41.15$.
As per my Daily chart,
If crude resisted by 62.57$, I expect to see minimum 43.58, 42.42, 41.89(41.66)$.
Daily chart detailed view:
Based on my H4 chart,
we have started the down fall in crude from 62.57 and started as leading diagonal (rare wave formation at wave 1).
If this veiw correct, then I expect to see the break of 46.69 which is the base support as of now.
I have given different wave calculations in the chart, please refer by colors of the wave count.
As per my H1 Chart,
If 61.56 is the start of wave 3, we are still in down trend.
If you notice, wave 3 completed nearly 261.8% and retraced 23.6% as wave 4 at (53.81/53.49).
But as per my wave count wave 5 is not yet completed and expecting another down move minimum 46.47 and it is not limited to.
Alternate view 1:
Based on 30M chart, there is different view as of now.
NOTE: I AM STILL BEARISH and NOT convinced with this up move.
If still the correction not yet completed and 46.69 supports, there is possibility of we will see 49.55/50.18/50.63/51.15/51.29.
As per my 15M chart,
I expect to see crude below 46.69. Break of 46.69 confirms the down move.
Alternate View 2:
check the targets of 30M chart for targets.
Alternate View 3:
Based on 5M chart,
check 30M chart for targets.
Based on 5M chart,
positionally, I still expect to see lower lows below 46.69.
Trade Ideas:
For Sellers SL: 48.65/49.55 STRICT.
For Buyers SL: 46.60
For targets, check the above analyses.
Positional SL 62.65. Targets: 41.55, 36.89.
Long Term Targets: 41.55, 36.89, 34.01, 28.01, 24.89, 21$.
LAST YEAR (2014 AUGUST) ANALYSIS:
WTI/NYMEX: http://freecommodityanalysis.blogspot.in/2014/08/positional-view-mcx-crude-01-aug-2014.html
MCX: http://freecommodityanalysis.blogspot.in/2014/08/positional-view-mcx-crude-01-aug-2014.html
OTHER CHARTS:
Recent history of Crude Ups/Downs
READ DISCLAIMER BEFORE TAKING TRADING DECISION.
ORIGINAL POST
http://rajmarketresearchanalysis.blogspot.in/2015/08/wti-crude-positional-analysis-01-aug.html
Update 2:
04-Aug-20153:26 AM IST
CMP 45.28
Where are we heading now?
As long as Crude resisted by 49.50, we are heading to
03-Aug-2014 targets:
45.32, 44.57. 43.76, 43, 41.63, 41.05, 40.89.
04-Aug-2015 targets:
44.69, 43.90, 42.96, 42.72, 42.15.
Targets: 44.7-44.55, 43.90-43.75, 43-42.90, 42.15, 41.65, 41.05, 40.89
All the best.
Update 1
03-Aug-2015
Crude is ready for lower lows.
CMP 46.39
For Sellers SL: 48.65/49.55 STRICT.
Targets: 45.32, 44.57. 43.76, 43, 41.63, 41.05, 40.89.
01-Aug-2015
Hi Friends,
READ DISCLAIMER BEFORE TAKING TRADING DECISION.
01-Aug-2015
CMP 46.89
As per my monthly chart,
Support: 33.96
Resistance: 147.90
Crude broken multi year support/trend line 3 times (Jan, March, July 2015) and closed below the trend line this month also.
As per my chart, I still expect to see lower lows and expecting 41.55, 36.89, 34.01, 28.01, 24.89, 21$ positionally.
As per my weekly chart,
As per my view, crude made irregular correction and made a new low at 42.42 and risen up.
If you notice, crude made more than 23.6% of wave 3 which is normal correction and started the fall.
And I am still expecting lower low in crude to complete WAVE III (higher tf) at min 41.15$.
As per my Daily chart,
Daily chart detailed view:
Based on my H4 chart,
we have started the down fall in crude from 62.57 and started as leading diagonal (rare wave formation at wave 1).
If this veiw correct, then I expect to see the break of 46.69 which is the base support as of now.
I have given different wave calculations in the chart, please refer by colors of the wave count.
As per my H1 Chart,
If 61.56 is the start of wave 3, we are still in down trend.
If you notice, wave 3 completed nearly 261.8% and retraced 23.6% as wave 4 at (53.81/53.49).
But as per my wave count wave 5 is not yet completed and expecting another down move minimum 46.47 and it is not limited to.
Alternate view 1:
Based on 30M chart, there is different view as of now.
NOTE: I AM STILL BEARISH and NOT convinced with this up move.
If still the correction not yet completed and 46.69 supports, there is possibility of we will see 49.55/50.18/50.63/51.15/51.29.
As per my 15M chart,
I expect to see crude below 46.69. Break of 46.69 confirms the down move.
Alternate View 2:
check the targets of 30M chart for targets.
Alternate View 3:
Based on 5M chart,
check 30M chart for targets.
Based on 5M chart,
positionally, I still expect to see lower lows below 46.69.
Trade Ideas:
For Sellers SL: 48.65/49.55 STRICT.
For Buyers SL: 46.60
For targets, check the above analyses.
Positional SL 62.65. Targets: 41.55, 36.89.
Long Term Targets: 41.55, 36.89, 34.01, 28.01, 24.89, 21$.
ALL THE BEST.
READ DISCLAIMER BEFORE TAKING TRADING DECISION.LAST YEAR (2014 AUGUST) ANALYSIS:
WTI/NYMEX: http://freecommodityanalysis.blogspot.in/2014/08/positional-view-mcx-crude-01-aug-2014.html
MCX: http://freecommodityanalysis.blogspot.in/2014/08/positional-view-mcx-crude-01-aug-2014.html
OTHER CHARTS:
Recent history of Crude Ups/Downs
