Crude Analysis 13-Apr-2017

Update 18-Apr-2017
CMP 53.01
As long as crude resisted by 53.73, I expect to see 52.49 again and further 51.89$.
Strategy: Sell on rise with max sl 53.75 for the above target and further 50.55-49.55.

UPDATE 14-Apr-2017, 6:43 AM IST
CMP 52.87
Res: 53.36/53.73
As per my previous update, crude sell has been activated between 53.1-53.25 and running.

I expect to see 50.55-49.55 in this down move and crude may take support at that level and can bounce back to 53/55 and expecting 58.21-60.00$.

We will see a bigger down move from there towards 30-25$, ultimate tgt can be 16$.



UPDATE 10:03 PM IST
CMP 52.92
Res: 53.36/53.73

 As long Crude resisted by 53.36/53.73, I would like see the below targets.
Strategy: Sell crude between 53.1-53.25, SL 53.37/53.78 max, tgts: [52.67], 52.3, [51.64-51.49], 50.59, [50.01], 48.55.


CMP: 55.99
Res: 53.73/.89
Sup: 52.67

As long as 53.73 resists, I remain bearish in Crude.

Strategy: Sell on rise between 53.3-53.6, Max SL 53.74, TGTs: [52.67], 52.16, [51.28], 50.40, [49.6], 49.01, [47.-05].

All the best.