CRUDE ANALYSIS 14-JUL-2016

UPDATE 15-Jul-2016 4:55 AM IST
15-Jul-2016
CMP 45.32
Res: 45.78
Sup: 44.99

Break above 45.8$, I expect to see 46.67/46.9/47.1/47.4/47.8
Below 44.9/44.5, I expect to see 43.4/42.55/41.3/40.3/38.9/37.55/35.3

Positional stop loss lies at 50.55$.

Thanks.





UPDATE: 14-Jul-2016
5:43 PM IST

As long as 45.10$ supports, still we can see 45.86-45.89, 46.05-46.11, 46.25, 46.47-46.62, 47.04...


14-Jul-2016
CMP: 45.07
Res: 46.90
Sup: 44.34

Chart on 13-Jul-2016 Morning

Chart on 14-Jul-Morning

 


VIEW FROM HERE
As long as 50$ resists, I still expect to see 43.55/42.40/41.1/40.15$ positionally.

If crude supported by 44.34$, I expect to see 46.9$ again and further 47.55.

As I have already mentioned, we can expect again 47-48$, which will be a good SELL entry for positional target 43.55$ first.

BELOW 44.34$, direct move towards 42.3$.

Previous Analysis:
http://rajtechnicalanalysis.blogspot.in/2016/07/crude-analysis-13-jul-2016.html
http://rajtechnicalanalysis.blogspot.in/2016/07/crude-positional-view-4-jun-2016.html