CMP 41.23
Resistance: 42.46
Support: 35.94
http://rajmarketresearchanalysis.blogspot.in/2016/03/crude.html
http://rajmarketresearchanalysis.blogspot.in/2016/03/crude-analysis-13-mar-2016.html
For previous Charts, please check at the BOTTOM of the Page.
As long as crude resisted by 42.46$, we can see 26$ first positionally and further 21/19.89$.
Targets: 38.57, 36.18, 34.24, 32.32, 30.85, 27.54, 26.04.
Usually, wave 5 will be 100% of wave 1 or 61.8% of wave 1-3. As you can see the below chart, we have not done any of these levels, which lies at 43.5/44$.
What may happen, if this up move continues?
Crude can come down to 40/39.2 level and if supported by 36$ again it can shoot up to 43.5/44$ level.
Retracement levels: 40.93/39.97/39.21/38.44/37.86 (level to watch if we reach here), 35.94(100%).
As long as long as crude resisted by 42.46$, I expect to see 40.92, 40.16-39.96, 39.21, 38.75-38.44.
And If crude supported by 35.94$, it can take out 42.46$ and can reach 43.5/44$.
02-Mar-2016
13-Mar-2016
Resistance: 42.46
Support: 35.94
Previous Analyses:
http://rajmarketresearchanalysis.blogspot.in/2016/02/crude-view-18-feb-2016.htmlhttp://rajmarketresearchanalysis.blogspot.in/2016/03/crude.html
http://rajmarketresearchanalysis.blogspot.in/2016/03/crude-analysis-13-mar-2016.html
For previous Charts, please check at the BOTTOM of the Page.
19-Mar-2016
Primary Scenario:
Crude has done 61.8% retracement of wave 3 and more than 200% of wave w[a].
As long as crude resisted by 42.46$, we can see 26$ first positionally and further 21/19.89$.
Targets: 38.57, 36.18, 34.24, 32.32, 30.85, 27.54, 26.04.
Alternate Scenario:
If you notice the below charts, we have done the upside target level, which was predicted earlier.
Usually, wave 5 will be 100% of wave 1 or 61.8% of wave 1-3. As you can see the below chart, we have not done any of these levels, which lies at 43.5/44$.
What may happen, if this up move continues?
Crude can come down to 40/39.2 level and if supported by 36$ again it can shoot up to 43.5/44$ level.
Retracement levels: 40.93/39.97/39.21/38.44/37.86 (level to watch if we reach here), 35.94(100%).
As long as long as crude resisted by 42.46$, I expect to see 40.92, 40.16-39.96, 39.21, 38.75-38.44.
And If crude supported by 35.94$, it can take out 42.46$ and can reach 43.5/44$.
Previous Analyses - Charts:
14-Feb-2016
02-Mar-2016
13-Mar-2016
