LONG TERM POSITIONAL VIEW OF CRUDE 19-Jul-2016

CMP 45.26
RES: 51.64
SUP: 26.04

I expect current move of crude to last for more time and I expect it to travel thru' triangle. Below chart shows the ideal path for crude as long as resisted by 51.64 and supported by 26.04.

MORE COMPLEX CHART with Gann Grid n Fan:

AS PER TIME CYCLE:
NOTE: I AM NOT MUCH LEARNED ABOUT TIME CYCLES. THE BELOW IS JUST A VIEW, as I CONSIDER THIS AS A BIGGER CORRECTION.
LET US SEE HOW FAR THIS WORKS OUT.

Wave B
July - Aug -> Down move
Aug - Oct -> Up move
Oct -> Feb 2017 -> Down move

Wave C
Feb - Aug -> Up Move

Wave D
Aug/Oct - Feb 2018 -> Down Move



Wave E

Feb -> May -> Up Move

May/Aug - Feb 2019 -> DOWN MOVE

Thanks.