Crude Oil Analysis 17-10-2016

26-Oct-2016

CMP 49.31
Res: 52.21
Sup: 42.73

STRATEGY: Sell on Rise.
Max sl 52.23$
TGTs: 48.76, 47.46, 47.14, 46.36, 45.51

NOTE:
Any break of 42.73$, positional sell of will be in place for 38/34$.
Any break of 52.23$, we will see 53/55/59$.

17-10-2016
CMP 50.24, SL 51.68$, tgts: 39.25, 34.4.
CMP 3358, SL 3463, TGTs: 2650, 2293.

Valid till February 21st, 2017 / AS LONG AS SL HOLDS.

Crude 01-Oct-2016

As of  now Crude oil not supporting sellers.
But there is big fight between bulls n bears.

As i have already told, we are in very big correction.

As per the above chart, next res around 51.89/62.89$.
NOTE: WE ARE FORMING BIGGER TRIANGLE TO CLOSE THIS DOWN MOVE, TGT 17-15$ FIXED. BUT WHEN? IS THE QUESTION.
ALREADY ALTERNATE ENERGY IS DEVELOPING, I DON'T KNOW WHICH, JUST AN ASSUMPTION, MAY SUSTAIN FOR 3-5-8-13-21MAX YEARS.

NO CALLS NOW. TRADERS ARE REQUESTED TO ENTER N EXIT BY INTRA STRICT. CAN HOLD IF SPECIFIED.
Thanks.


THIS IS LONG TERM PREDICTION. NOT FOR INTRA/SMALL TRADERS.


PERSONAL TRADE:
SELL  JAN CRUDE: SL: 3503 STRICT, TGT 2555/1689/999.
MY TGT FIXED 999.
go only with 2 minis strict. strict. strict. RR Ratio NEED TO BE CONSIDERED.
THERE MAY BE LITTLE CHANGE IN SL.


THANKS.