Morning !
Crudeoil today has given first signal/indication of the BIG FALL it should continue from today's high made of $51.99 almost an hour back i.e., 1:00 PM Indian Standard Time.
Selling CRUDEOIL here is a very lucrative trade in terms of the Risk Reward Ratio.
SELL CRUDEOIL IN ZONE OF $50-$51, WITH POSITIONAL TARGETS OF $45 - $40 - $35 - $30 - $25 AND FINALLY $10, THIS IS A POSITIONAL CALL WITH A TIME FRAME OF 12-18 MONTHS (Giving a Range) AND A STRICT STOP LOSS OF $53.75 ON CLOSING BASIS.
GIVING STRICT SL because if gets hit, then it has the capacity to go upto $59-$61 on upside.
Happy Trading !
CRUDE DOWN TO 42 $.
ReplyDeleteIS IT READY FOR CORRECTIVE BOUNCE OR STILL LOWER LEVELS EXPECTED IN CURRENT DOWN MOVE?
@Somanath: The fall i have mentioned from $50-$51 i mentioned on 25th May 2017 was the overall big fall which will continue to lower levels, as you would have noticed the fall from selling zone mentioned of 50-51 dollars also went till 42 in a up down up down zig zag manner, in the same manner, the fall will continue but obviously will slight ups and downs...also if anyone entered or did not enter in that zone of of $50-51 the stop loss will remain same of $53, right now selling here for the same downside targets upto $10 are intact but the STOP LOSS range increases from $2 to $10 on upside considering the current price of $43, as the stop loss for any sell made from 51 to 42, the STOP LOSS remains the same as well as the downside target of 10 dollars, the only things changes is the difference in the stop loss and the difference of target from current price at $43 as compared to the selling range mentioned earlier, i hope this gives clarity to you or anyone who reads this.
ReplyDeleteok. thanks
ReplyDeleteWon't crude@$10 would be equally devastating for world equity markets due to cascading effect?
ReplyDelete@Rajdeep Singh: Well, equity markets usually follow commodity markets over the time, defining it devastating would be subjective, but yes we can take it that ways.....i have just shared the Elliott Wave Analysis
Deletesir good morning
ReplyDeleteno article since a long time. I hope everything is fine sir. Eagerly waiting for your analysis.
@Neeraj: Thanks for your concern,yes everything is fine....just waiting to get clarity on indices.....i am not giving any buying view since 9350 and we are almost 800 odd points up from there....Sell call will come as and when i get clarity on the wave structure...so waiting for that only.
Deletehello sir...still u are waiting or what...is there anything unusual u dont want to share with us.its ok sir...sometimes mkt won't move at all as per our expectations but me have to carry on naa.
Deletesir plz update something
@Neeraj: My endeavour has always been to share my analysis openly with everyone, was waiting for the structure to give confirmation. I have just posted a new blog today 16th October. Go through it, you would probably get your answers from there.
Delete