Crude Analysis 08-Oct-2017

CMP 49.29
Res: 52.83(.89)/55.01(.21)
Sup: 45.58(.55)/42.08/39.24(.21)/26.04(.05)

DOWN TREND SCENARIO:
Based on Weekly Chart,
As long as Crude resisted by 52.83, I expect to see 45.58 again and further 39.86 (Other targets on the down side 31.85/29.96/26.04/22.62/18.88). Break of 45.58/42.08 needed for big fall.

Based on 4H chart,
Res: 52.83(.89)/51.19(.21)
Sup: 45.58(.55)
As long as the above resistances resist, I expect to see 48.35-48.25 first and further 47.7-47.56/46.43-46.38, 46. Break below 45.58, we can see a move towards 39.86 and more.

Based on 15m Chart,
Res: 49.55 (small res)/50.80/51.19(.21)
Sup: 49.08
If crude resisted by 49.55, we can see 48.84 soon.

Based on 1m Chart,
Res: 49.4
Sup: 49.28/49.08
If crude resisted by 49.4 we can see 49.18/49.06/48.99/48.84.

Note: Smaller/Micro tf's are not reliable. Just wanted to have look at micro tf. let us watch.


PREVIOUS ANALYSIS:
https://www.linkedin.com/pulse/crude-analysis-01-oct-2017-arockia-chinnappa-raj-k/
https://www.linkedin.com/pulse/crude-analaysis-06-oct-2017-arockia-chinnappa-raj-k/

DISCLOSURE: I do not have any positions outstanding in any of the recommended shares/commodities either in my or my family members' trading accounts.