View 08-Apr-2016 1:28 PM IST
CMP 38.33
Crude broken important res 38.27, Now I expect to see 39.70, 40.3-40.45, 40.70-40.90, 41.55.
If crude resisted by 42.46$ again fall will start and min target 35.23. Other targets, please check previous views.
View 08-Apr-2016 5:55 AM IST
CMP: 37.58
Supports: 36.67, 35.23
Resistances: 38.27, 42.46
As per the below chart,
Small breakout levels: 38.27/36.67.
Positional breakout levels: 42.46/35.23.
Above 38.27, we may see 39, 39.7, 40.34, 40.8, 41.55. Above 42.46, bull.
As long as 42.46 resists and any break below 35.23$, positionally bearish and we will see 26$ again. refer previous update for downside targets.
So, as of now, aggressive shorts not preferred.
Chart 1
So, as of now, aggressive shorts not preferred.
Levels to watch: 39.7 - 40.8 if we reach there.
Chart 1
Chart 2 for some ideas
Thanks.
Thanks.
View 07-Apr-2016
Update 8:41 PM IST
Any break of 35.23, I expect 32.15, 31.60, 28.38, 26.31, 22.42, 20.89, 19.89
Update 6:03 PM IST
37.34, 37.13, 36.75-36.69, 36.58, 36.41-36.39, 36.18-36.12 (level to watch if we reach here), 35.97-25.95, 35.58, 35.23
Now, If crude resisted by 38.3$, I expect to see 37.55$ again and further 37.11, 36.76, 36.39, 36.12, 36.00-35.95, 35.23. if crude breaks 35.2$ Crude will be very weak.
View valid as long as 38.3$ holds res.
Thanks.
Chart Analysis 07-Apr-2016
View 06-Apr-2016
8:30 PM: SL NOT SAFE, MADE HIGH 37.53 till now. Still my view sell on rise only.
I expect this up move to be completed between 37-37.25$.
Below 36.44 bearish and expecting 36.24 first and my other targets 35.02-34.96, 34.25, 33.47, 32.48-32.36, 31.81....
Fresh sell can be initiated at cmp 36.87 or between 37-37.25 with SL 37.37/37.55(max) for the above targets.
Thanks.
Update 02-Apr-2016
01-Apr-2016
CMP 37.71$Resistances: 39.83/42.46$
Support: 35.94$
Crude is trading at important level between 37.85-37.48.
Now support seen around 37.56.
Small resistance is at 38.35/39.01$.
As long as Crude resisted by 39.83/42.46, I am bearish and expecting [36.76$] first.
Further targets: 36.18-35.94, [35.34-35.26], 34.25, [33.1], 32.44-32.30, [31.8], 30.86, 29.91, 27.88, [26.04].
Below 26$, I expect 21/19.89$.
Thanks,
Read Disclaimer before making any trade decision.
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Previous Analysis and result:
http://rajmarketresearchanalysis.blogspot.in/2016/03/crude-analysis-19-mar-2016.htmlAs long as crude resisted by 42.46$, we can see 26$ first positionally and further 21/19.89$.
Targets: 38.57, 36.18, 34.24, 32.32, 30.85, 27.54, 26.04.
As long as long as crude resisted by 42.46$, I expect to see 40.92, 40.16-39.96, 39.21, 38.75-38.44.
Check the above post for Alternative scenario.
