Crude Analysis 10-Apr-2017

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.

Copper Analysis 10-Apr-2017

CMP: 2.6318
Sup: 2.5398/2.5939/2.5826
Res: 2.7082/2.8123

Based on my Daily chart,
If Copper supported by 2.5939, I expect to see 2.6943 again and further 2.7324, 2.7480, 2.7598.

Based on 1H, 15M chart,
Sup: 2.5943/2.5843/2.5498
Res: 2.7070

As long as 2.5943$ supports, I expect to see 2.6847 again and further 2.6935, 2.7070, 2.7315-2.7401

Trade Idea:
Buy Copper on dips between 2.6176-2.6076, or above 2.6410 with max sl 2.5943 for the above targets.

03-Apr-2017

Hi Friends,
From today, I will be posting actively posting my analysis. So, keep checking my blog for latest analysis on commodities, indices, currencies and nse stocks.

Thanks.
Arockia/Raj.

NYMEX:Crude Analysis 03-Apr-2017

CMP: 50.61
Sup: 47.05 / 42.19
Res: 55.23

If you notice from the below chart, crude reversed from 61.8% level. If crude supported by 47.05, I expect to see 55.23 again and further 60.20, 63.3, 65.22, 68.32$ positionally.

Trade Idea:
Buy crude on dips between 49-48$ if you get, with max n strict SL 47.05 for the above targets.

Gold Analysis 07-Feb-2017

CMP 1232.xx
Res: 1375
Sup: 1180, 1122, 1046

As long as Gold supported by the above support levels, I expect to see 1240, 1334, 1375, 1451 positionally.

Buyers sl 1180, max 1121$

Commodities View 05-Feb-2017

Copper(res 6044 lme) highly bearish
Lead (res 2400 lme),
Zinc (res 2984 lme) bearish
Alum (res 1883/89 lme) can some up move n fall
Nickel (res 12140, sup 9350/7565(55)) confusion

Gold (res 1225$, sup 1206$)
Silver (res 17.73$, sup 17.20$, base support 16.55$
NG res 3.555$ support zone: 3.400-2.555
Crude res: 54.34, sup: 53.34

Anyside breakout will be big.

Thanks.

Raj.

INDEX: NIFTY Analysis 03-Feb-2017

CMP 8717
Res: 8961
Sup: 8533/8323
Base Support: 7889

If Nifty resisted by 8752/8961, I expect to see 7889 again and further, 7705-7639.

If 6822 holds support, we will see big bull run towards 9000/11000.