World Market Watch
Study Charts

Disclaimer
The views expressed are based purely on Technical studies. The calls made herein are for information purpose only. The information and views presented here are prepared by Devang Shah.The information contained herein is based on my analysis of the Charts. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it. The Investment discussed & recommended on this website may not be suitable for all. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent Views, as they believe necessary.
While acting upon any information or analysis mentioned on this website, investors may please note that neither Devang Shah nor any person connected with him accepts any liability arising from the use of this information and views mentioned herein. I may hold long or short positions in the securities/commodities discussed herein from time to time. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities/commodities, or any options, futures or other derivatives related to such securities/commodities.

Commodities

TUESDAY, NOVEMBER 20, 2018


  CRUDE

CRUDE:

VIEW POINT:
CRUDE-$57.20 (19.11.2018)

ABC- PULL BACK RALLY OF WAVE-Y IS OVER:

EXPECTING FURTHER LOWER LEVELS TARGETS IN CRUDE FROM MEDIUM TERM PERSPECTIVES:

SELL ON ANY KIND OF RISE OR CONSOLIDATION:

LOOKS LIKE BEGINING OF FINAL WAVE-Z FROM MEDIUM TERM PERSPECTIVES:

Click

Click
Crude closed $57.20 levels on 19.11.2018. It has completed ABC Pull back rally as per daily chart attached & we have seen sharp fall in crude from higher levels. It made a high of $76.90 levels (03.10.2018) in this rally. It looks like possibility of begining of wave-Z for lower levels targets from medium term perspectives as per over all wave counts quaterly chart attached.

It has strong support around $53 levels in near term for any kind of pull back rally or consolidation in short term. One can sell or exit Crude in any kind of pull back rally. Break of these short term support levels will lead to sharp fall in crude till $42 levels in short term.



In overall, expecting targets in the range of $30-$25 levels from medium term perspectives in crude in this wave-Z as per quatrly chart attached.

This is overall view for CRUDE till it trades below $76.90 levels from medium term perspectives.
Next Page         Previous Page
Back to TOP
Home | Market Outlook | Stocks | Indices | Commodities | Currencies | Articles/Misc
Copyright © 2010.http://www.TrendTechno.com ALL RIGHTS RESERVED.