MCX Crude Positional View Down Move 18-Oct-2014

POSITIONAL DOWN MOVE VIEW
Crude already done 1000pts from my positional view given on 1-Aug-2014. It has done minimum targets. Now I expect next target as 4800-4700 before reversal. Let us wait and see.


Based on my Monthly chart,

Support: 1626
Resistance: 7784.

Retracement Levels are: 6335, 5438, 4707, 3983, 3440(70.7%).

My wave calculations are:
Wave A: 5640
Wave B: 6548

Expecting Wave C target as 4322.

Wave C will have 5 wave down move.
As per my analysis, crude has done my minimum downside targets at 4950 levels.

Now, If crude resisted by 5239/5224/5158,. we will see 4949 again.
And my downside targets: 4894, 4777/4707, 4488.

Crude Positional view of Down Move 18-Oct-2014

AS PER MY ANALYSIS GIVEN ON 01-AUGUST-2014, Crude done most of my targets from
http://freecommodityanalysis.blogspot.in/2014/08/nymex-crude-positional-down-move-view.html


Support: 33.19
Resistance: 114.82

Retracement Levels: 83.79, 74.25, 64.50, 57.27(70.7), 50.84, 33.19 (100%).

Now support Levels: 77.26, 74.95.
Any break of the above support levels, more fall in crude expected.

As per my calculations/views, if
74.94 (wave A)
112.21 (wave B) then,

Wave C targets are: 74.15, 72.22, 65.63, 64.50, 59.84, 57.27-57.11 (70.7%), 50.50.

For this view to be valid, 74.94 has to broken first.

Resistance: 107.67.
As crude broken the support 91.24, I expect the down side targets:
86.73, 86.29, 83.25, 81.83 (crude done tgts up this. Made low 79.80), 78.75, 78.31, 74.

As per my Analysis, If 94.89 is the start of wave 5, crude done minimum down side targets at 86.31, 84.28.

Based on 1H tf, If 84.79 is start of wave 5 of 5, then down side targets are 79.80, 78.25, 77.26, 75.50 n more.

Based on 15m tf,
Resistances: 84.42, 84.79.

If 84.42, 84.79 resists, I expect to see 81.95-81.70, 81.40.81.30, 81, 80.75, 80.4, 79.8. Any move below 79.80, big down fall expected.
Check my monthly analysis for targets below 79.80.

Will update with POSSIBLE UP MOVE (if 79.80 is the end of move) view later.

Crude View Update 13-Oct-2014

CMP 5178.

As per my analysis, the correction completed at 5298.
Now can go for sell at CMP or on RISE between 5190-5200 with SL 5210/5300 for tgts 5132, 5085, 5050, 5000, 4970, 4900, 4870, 4820.

Comex Copper View 13-Oct-2014

CMP 3.0248
Resistance: 3.2775/3.5183/3.9790
Supports: 1.4070/1.2475

If Copper Resisted by 3.2775/3.5183/3.9790, I expect minimum 3.9813.

I am bearish below 2.8930. Below 2.8930, I expect 2.8200, 3.6100, 2.4000, 2.0000, 1.7200 positionally.

MCX Copper 12-Oct-2014

CMP 414.40

Based on my Analysis,
Long term positional targets: 399-397, 392, 381, 374, 370, 364, 345, 325, 318.
Resistance: 422, 435, 440. Any move above 440 will change trend.

If Copper restricted by 416.15/422, I expect in short term 408, 406-405, 400-398.

on Investing.com
Oct 13, 2014 04:25AM GMT
Any move below 390, we will see 381, 374, 370, 364, 345, 325, 318 positionally. But if supports we will see 500+. Resistance 422/440. For BULL run, copper needs to break 440. For BEAR run, copper needs to break 390. Buyers SL 389. But I am bearish and expect a break of 390. In short term I expect to see 406/400/395.

Crude View 12-Oct-2014

CMP: 5284

As per my analysis. I expect small up move as correction and from there expecting a fall minimum 5132.


Supports: 5183, 5159, 5132.
Resistances: 5477, 5573.

If crude supported by 5183, 5132, we will see [5310-25], 5350-5367, [5390-5410], 5435-40.

Reversal from any of the above levels, we will see 5132 first.

Downside targets: 5132,  5100-[5085/84]-5090, 5050, 4915,4821.


STRATEGY:
Buy on Dips with SL 5180/5155/5130, for the up move targets.
Sell on Rise with Strict SL 5477/5573, for the down move targets.

Buy on dips first and Sell on Rise.

2:38 PM
UPDATE:
CMP 5178.

As per my analysis, the correction completed at 5298.
Now can go for sell at CMP or on RISE between 5190-5200 with SL 5210/5300 for tgts 5132, 5085, 5050, 5000, 4970, 4900, 4870, 4820.

Crude view 11-Oct-2014

Cmp: 85.58, 5293.

[10/11, 11:11 AM] kacraj: Still no reversal in crude. As per my NYMEX view: res 88. Sell on rise, min tgt 83.60.
My tgt 79.5.

[10/11, 11:12 AM] kacraj: Mcx tgt 5132 minimum.
[10/11, 11:13 AM] kacraj: My tgt 5050, n below 4999.