Friday 23 October 2015

CRUDE ANALYSIS 23-Oct-2015

11-Nov-2015 - Update 

48.00-50.00/47.89 --> Hit targets 45, 43$.


04-Nov-2015 - Present View


8:41 AM IST
CMP 47.89

Main View:
Can Sell crude at cmp or on rise between 48.00-50.00, with max sl 51$ for downside targets 45, 43, 42.5, 41, 38..


Alternate view:
1. Sell NYMEX Crude at cmp 47.89, Max SL 48.40, TGTs: 47.00, 46.65, 46.40.
2. Buy Crude between 47.00-46.15, Max SL 45.5, TGTs: 48.3, 49, 49.5.
3. Sell Crude between 48.00- 50.00, SL Max 51$, TGTs: 45, 43, 42.5, 41, 38.


03-Nov-2015 - Present View

[11/3, 7:04 AM] Arockia: My present view on CRUDE 03-Nov-2015:
1. Sell on rise at cmp 46.30 with max sl 46.75 for 45.61, 45.15, 44.65, 44.15$.

2. Buy between 44.5-43.5, sl 42.45$ for 46.70, 47.6, 48$

3. Sell between 48-50$, sl 51$, tgt 42.5, 41, 38$.

All the best. 

Break of 50.91$ sell is invalid and can show 53$
Break of 42..57 buy is invalid and can see 41/38$.

But I am positionally still bearish.










MCX Chart


24-Oct-2015 10:10 AM IST

US OIL

As long as USO resisted by 15.31/16.20 I expect to see 12.37 first. Other targets: 14.12, [13.74], 13.37, 13.14, [12.77], 12.54, [12.37] n more. Further 11.66-11.20.

As you can see USO broken important supports 14.21/14.16.








23-Oct-2015 8:34 PM IST

Cmp 2937
Sell crude 2937 or on rise SL 3093, tgt 2489.
Best sell entry can be 2950-2990.
Targets: 2710, 2623, 2572, 2489.
This is based on my analysis.
TRADE AT YOUR RISK.
All the best.

NYMEX Crude




As long as Crude resisted by 50.91/47.48, I expect to see [43.46], 42.44, [41.80], 41.44, 40.55, [39.96], 39.62, 39.20, [38.28] n more.
Now for any positional sell, SL can be max 46.15/47.60(max).


MCX Crude



As long as MCX Crude resisted by 3074/3302, I expect to see [2710], 2623, 2572, [2489] n more.
For any sell max SL can be 3091.



ALTERNATIVE SCENARIO:

If 43.70 supports, we can see 50.90$/3277 again.




But, Still I am with Down move view.

This is based on my analysis.
READ DISCLAIMER BEFORE TAKING ANY TRADE DECISION.

ALL THE BEST.

THANKS.