Crude Positional View 05-Sep-2014

If Crude restricted by 5838, I expect down move towards 5640, 5560, 5490.

Positional Trading Strategy: Sell on Rise. Stop Loss 5840/6280.
Crude next targets: 5696, 5665, 5640, 5554, 5490, 5320, 5170...


After this down move there will be a big upward correction max 6273(100%). But normally, the correction would be 23%-50%.




Lot more down side can be seen in Crude Positionally.

Gold Positional View 05-Sep-2014

Based on Daily Chart, the retracement levels of Gold with base support at 25950 are: 28431, 27889, 27519 (done), 27150, 26874, 26624, 25951(100%).

Based on 1H chart, If Gold restricted by 28178, 27704, 27632, we will see 27368, 26900-26800.

Small targets: 27368, 27181-27100-27050, [26900-26800], 26650-26500, 26400-26300, 25100.


Resistances: 27632, 27704.
Support 25950.


Positional reversal points: 26870-26800, 26500, 26000

If 25950 supports and Any reversal from the above levels, we will see first 29000.

Other Positional Upside targets: 29819, 30281, [30900-31014], 31468, 32218, 32952.

Today's Calls 04-Sep-2014

Buy Copper at CMP 424.60, SL 423, TGT 426, 427.50, 428.5.

Buy Mentha cmp 673.40, SL 668, TGT 678, 680, 682, 684, 687.
Made high 676.80. Book some profits and SL to 671.

Can buy Alum CMP 126/126.10, SL 124.9/125, TGT 127, 129, 129.9, 130.9, 131.4. If SL safe.

High Risk Buy NG at cmp 233.70 or on dips,  with SL 232.50 strict, tgts: 235, 236, 238.

Sell Crude at CMP 5774 or on rise 5785-5800, SL 5840, TGTs: 5742, 5730, 5685, 5652 n more.... if sl safe.

 Crude Breakout Levels
Breakout trading sell below 5726, Buy above 5753. Buy TGTs: 5765, 5774, 5788, 5810, 5824, 5838. Sell Targets: 5711, 5996, 5660 n more.

Today's Calls 03-Sep-2014

Buy Crude at cmp 93.25 or on dips with Strict SL 93, TGT: 93.45-93.55, 93.75, 94.

Advanced Call: Sell Copper between 430-431, Strict SL 432, TGT: 428, 426, 424, 422.5, If SL Safe.
Before entry, copper 426 done. Call closed, but we may see other targets. Now the sl can be 430.

MCX Crude Positional View 03-Sep-2014

As per my analysis,

 Down Move:
If crude restricted by 5838, down move targets are: 5610, 5581, 5537, 5459, 5349.

Up Move:
If crude supported by 5650, 5640, we can see upside retracements.

L1: 5695, 5722, 5745, 5766, 5783, 5838(100%).
L2: 5851, 5975, 6075, 6174, 6250, 6316, 6499(100%).

Sellers Stop Loss: 5840
Buyers Stop Loss: 5650/5635 Strict.

Now the possibilities are 70% Down   -  30%Up.

Will update my analysis, as the market moves on.

Crude Call Positional

High Risk Buy Crude CMP 5680 or between 5660-5670, Strict SL 5650, TGT 5834, 5880, 5910, 5950. If SL Safe.
Below 5652, crude very weak. Don't hold if SL hits.

Today's Calls 02-Sep-2014

Risky Sell Crude CMP 5830, SL 5836, TGT 5820, 5810, 5795, 5785, 5765.

Call Given on 01-Sep-2014
Sell Crude CMP 5823 or on rise, Strict SL 5836, TGT 5801, 5785, 5765, 5745. If SL Safe.
If SL hits, reverse trade and book 5-10-20-30pts.

How Crude reached 5765? See Below the wave counts:

 Buy Gold CMP 27750, Strict SL 27690, TGT 27900, 28000, 28150, 28300, 28500.
Buy Copper CMP 429, SL 427, TGT 431.5-432.