13-Apr-2017
CMP 53.46
Res: 53.89
Are we ready for fall?
As you can see in the H1, H4 charts, we could see negative divergences. Does this warns for the fall in Crude?
Let us wait n watch.
11-Apr-2017
CMP: 53.14
Res: 55.23
Sup: 51.40
As per the Hourly chart, we are in wave 5 of 5. Are we going to see a bigger correction from here? There is no confirmation of reversal yet.
So need to wait and watch for exact reversal for to initiate any shorts.
10-Apr-2017
CMP 52.38
Sup: 47.05/42.19
Res: 55.23
As long as crude supported by 47.05/42.19, I expect to see 55$ first and further 60$, 64.8$.
Trade Idea:
Buy crude on dips between 51.5-51$ with max SL $50.6, for 52.9$ fist and further for the above targets.
NOTE:
1. View valid as long as 47.05 holds.
2. Any break of 42.19, Long term analysis need to be reanalysed.
CMP 53.46
Res: 53.89
Are we ready for fall?
As you can see in the H1, H4 charts, we could see negative divergences. Does this warns for the fall in Crude?
Let us wait n watch.
11-Apr-2017
CMP: 53.14
Res: 55.23
Sup: 51.40
As per the Hourly chart, we are in wave 5 of 5. Are we going to see a bigger correction from here? There is no confirmation of reversal yet.
So need to wait and watch for exact reversal for to initiate any shorts.
10-Apr-2017
CMP 52.38
Sup: 47.05/42.19
Res: 55.23
As long as crude supported by 47.05/42.19, I expect to see 55$ first and further 60$, 64.8$.
Trade Idea:
Buy crude on dips between 51.5-51$ with max SL $50.6, for 52.9$ fist and further for the above targets.
NOTE:
1. View valid as long as 47.05 holds.
2. Any break of 42.19, Long term analysis need to be reanalysed.
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