Monday, July 18, 2016

CRUDE ANALYSIS 18-Jul-2016

22-Jul-2016



21-Jul-2016
CMP 45.71$
Res: 46.08
Sup: 44.55

As long as crude resisted by 46.08$, I expect to see 45.71 (already done)/45.49/45.31/ [[45.12/44.98 ]] /44.9/44.7.

Any reversal from the above levels, 1st tgt 46.08 and further [46.16], 46.57, [46.82], 47.23, 47.48, [[ [47.05] - [48.29] ]].


TRADE IDEAS:
1. Sell crude  between 45.65-45.90, SL max 46.08 for downside targets.

2. Buy between 47.21-44.9, SL max 44.5, for upside targets.
3. Sell between 47-48.3, SL max 50$ for min 44.34 and 42.3, 41.1.

NOTE: BUY above 46.08, SELL below 44.34 also valid trade.
BUY's SL 44.34$
SELL SL will be after activation.

READ DISCLAIMER BEFORE TAKING ANY TRADE DECISION.



20-Jul-2016
CMP 45.54$
Sup: 44.34
Res: 46.9/50
Since, crude was not able to break 44.3$, there is still upside possibility left. Here below the possibilities of upside and down side possibilities.



CMP: 45:48
Res: 46.90, 46.28 / 49.98
Sup:44.4, 45.05

PRIMARY VIEW:



As long as Crude resisted by 46.3$, I expect to see 43.3/42.55/41.1$ positionally.

Trade Idea:
Sell Crude at cmp 45.48 or on rise between 45.70 - 46, Max SL 46.30$ for the above targets.

ALTERNATE VIEW:
http://rajtechnicalanalysis.blogspot.in/2016/07/crude-analysis-16-jul-2016.html

Both views are valid, In either way, I expect to see 43.3$ minimum.

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