Crude Analysis 13-Sep-2016

15-Sep-2016

 CMP 43.76
Res: 46.49(55)

As long 46.55 resists, I expect to see 42.75-42.5, 41, 39.6, 38.3, 36.89, 35.89.

14-Sep-2016

CMP 44.96
Res: 46.51/47.73
Sup:44.77/44.72

As long as the above levels resists, I expect to see
[43.51], 42.8, 42.36, [41.66, 41.22], 40.51, [39.52], 38.66.
[44.65], 43.5, 42.99, [41.65-41.45-41.23], 39.53, 38.69, 37.58, 36.67...

What if break 46.51? Next reversal zone: 46.58-47.4, Important level: 46.58-46.93$.
As long as 47.73(89) holds, I am bearish.

MCX:
Res: 3109/3172/3277
[2980], [2938], [2793], 2648, [2559], [2504], 2414, 2180. 
3002, [2938], 2889, 2828, [2792], 2655, [2559], [2504].

13-Sep-2016

CMP 45.87/ 3092
Res: 47.71/46.55
Sup: 42.99/2889

As long as the above levels resists, I would like to see 44.71/2999 again.

Further targets:
44.65, 43.5, 42.99, 41.65-41.45-41.23, 39.53, 38.69, 37.58, 36.67...
3002, 2938, 2889, 2828, 2792, 2655, 2559, 2504.

For any sell SL:  46.55/47.89 max / 3175/3289max.
All the best.



INTERESTING CHART FOR YOUR THOUGHT:
1. Crude resisted by MULTI YEAR trend line.
2. Important RES: 49.34, 51.68
3. Important SUPPORT 39.24(.21)
as of now.
If break 51.68$, we can see 64$.
If break 39.21$, we can see 15$.

BREAKOUT LEVELS: 51.68/39.21