Crude View 05-Jan-2015

GOOD MORNING FRIENDS!!! Still I am not convinced with up move in Crude. Still My Strategy is SELL ON RISE only. Now resistance 3430/41. My positional SL 3630. As of now for any sell SL can be 3430/41, 3630. My Targets are: 3350, 3320-3309, [3210-3170], 2999-2990. Already my sell call is running. My next target 3238/50.89$. HAVE A PROFITABLE DAY n WEEK AHEAD. HAPPY TRADING FRIENDS!!!

In reply to : mcx raj message

about 10 hrs 35 min 3 sec ago 

risky sell at cmp 3292-3295, strict sl 3306, tgt 3238, 3210-3170 if sl sage. All the best.

about 9 hrs 40 sec ago 

small sl 3306, BIG SL max 3345 for 3238, 3210-3170. Don`t hold if SL hit. As per my analysis, i expect to see 3210. Let us wait n see. Thanks friends.

In reply to : mcx raj message

about 8 hrs 24 min 48 sec ago  

Lot of Confusions with MCX chart. As per my NYMEX view, for any Sell SL is 52.5, For any Buy SL is 51.4. Whatever it may be, my strategy is still SELL on RISE only. My Ultimate 1st tgt is 50.89$ n more/3210-3170 n more. my other tgts my previous posts. All the best. Thanks.

In reply to : mcx raj message

about 5 hrs 38 min 41 sec ago 

3238 Hit.

8:21 pm

ADVANCED CALL:

Still I expect more down. SELL ON RISE.

SELL between 51.3-52.00 or between 52.45-53.00 if you get with Strict SL 55.25.

Targets: 50.5, 49.5, 47, 45.7, 44.5.

Sell between 3260-3312 or between 3341-3380 with Strict SL 3530 for 3238, 3210-3170, 3150, 3085, 2999-2990, 2900, 2850.

HIGH RISK TRADE

Multi Lot traders/Risk Takers can enter 1st lot at CMP 50.9/3250, but no changes in MY STOP LOSS.

TRADE AT YOUR RISK.

Crude Positional View 26-Dec-2014

GOOD MORNING FRIENDS!!!
Still I am bearish in Crude and no Change with my call given on 22nd Dec. SELL ON RISE is my strategy.

ADVANCED CALL: Sell Levels: 3625, 3645, 3660-3700 (Best Entry). Strict SL 3735/40. TGT 3570-3565, [3526], 3480-3465, [3437], 3410-3401, [3375-3364], 3320-3309. NEVER HOLD IF SL HIT. ALL THE BEST. TRADE AT YOUR RISK. Take Care Friends. My Ultimate TGT 3210-3170.

NYMEX: SELL ON RISE BETWEEN 57.2-57.5, Stop Loss: 57.7/59.1. TGTs 55.10, 54.5, 53.7, 52.9, My positional targets: 53.2, 51.5, 49.9.


12:57PM
1. Risky Sell cmp 3588, SL 3605, TGT 3572, 3563, 3554.
2. Buy between 3563-3545, Strict SL 3530, TGT 3600, 3625, 3640-3660.
3. Follow Advanced sell with Strict SL 3735/40. All the Best.

MCX Crude Positional View 13-Dec-2014

CMP 3635.
Resistance: 3981/4302/4817.

Based on My Weekly Chart, Next Long Term positional targets are: 3567, [[ 3530-3501-3471 (important level to watch)]] , 3273, 3148, [3120-3095-3048], [2998, 2954], 2877, 2795, [2637], 2276, 2172.

MCX Crude Positional View (long term) 25-Oct-2014

4950-4940, 4920-4900, 4826, 4770, 4705. ALL TGT DONE.

Positional Down Move Views Given Previously.

01-Aug-2014
Long term positional targets are: 5640, 5248, 5294, 5078.
http://freecommodityanalysis.blogspot.in/2014/08/positional-view-mcx-crude-01-aug-2014.html

21-Sep-2014
Targets on the down side are: 5433, 5136, 4824, 4707, 4394, 4321.
http://freecommodityanalysis.blogspot.in/2014/09/mcx-crude-view-21-sep-2014.html

PRESENT POSITIONAL VIEW (LONG TERM) 25-OCT-2014
CMP 4972.

As per my Monthly chart, 50% retracement (blue line) of crude lies at 4705.

Further retracement levels are: 4705, 3983, 3440, 1626(100%).
Blue lines - retracement levels
Red/orange lines, wave 3 targets

As long 6548/6499 restricts, more down is expected.
Targets variation 1: 4826, 4705, 4405, 4322, 3983, 3591, 3500, 3440 (level to watch if we reach here), 3086.

Targets variation 2: 4560-4548-4530, 4330-4315-4300, 4250-4232-4210, 3970-3953-3930(level to be watched, if we reach here).



My ultimate targets: 4350-4310, 3970-3930, 3620-3580.

As per my view, we will see some correction (wave 4 - normally 23.6%-38.2%) after next down move.


ALTERNATIVE SCENARIO:
If 4949 is the end of down move, we can expect wave 4 of wave 3 and the retracement levels are: 5170, 5306.

If so, upside targets are: 5170, 5224, 5306, 5329, 5394. Minimum tgt 5224. Strict SL 4940.

Will update after the confirmation on the trend on Monday.

As of now,
Sellers SL 5120/5200. TGTs: 4950-4940, 4920-4900, 4826, 4770, 4705.
Buyers SL 4940. TGTs: 5170, 5224, 5306, 5329, 5394.

NOTE: POSITIONALLY, STILL I AM BEARISH AND MY STRATEGY IS SELL ON RISE ONLY. POSITIONAL RESISTANCE 5884.