4 replies to this topic

[kacraj]

If any body wants to Sell can sell at 102.90, with SL 103.05 strict for the targets 101.54, 100.97, 100.65-100.25.
If this happens, 98.75 will be the next base support. Crude will GO UP if and if only, it breaks 103 from my view.
First I would like to see 102.72, 102.66-102.56

If crude successfully breaks 103, Positionally, I expect a long rally.

For short term trades, any sell stop loss would be 103.05, buyers stop loss is 101.50.
Positional Buy Stop Loss: 98.50


Supports: 101.55, 98.74, 97.28, 91.24.
Resistances:104.49, 104.98, 105.21, 107.67

If Crude supported by 101.55, My positional view is Up Move.



Upside targets:
104.49-104.98-105.21, 105.80, 106.61-106.78, 107.67-107.90-107.99, 108.46, 109.08, 109.70-109.92-110.18, 110.55, 111.40, 112.02, 112.68, 113.79,

L4: 105.21, 108.46, 110.55, 113.79, 119.13.
L3: 104.98, 106.79, 107.90, 109.71, 112.68, 115.15, 117.16.
L2: 104.49, 105.80, 106.61, 107.99, 110.18, 112.01, 113.79.
L1: 107.67, 109.08, 109.92, 111.40, 113.79, 115.64, 119.13.


Whatever may be the down side, my up side targets are the same, AS LONG AS 98.74 holds support for LONG TERM POSITIONAL. My Strategy is Buy on DIPS.

[diogenes227]

Thanks for the post. Number one... Welcome to the asylum. Good to see someone try to get a discussion going of another important commodity besides the metals. Had trouble reading your chart, however, because of the multitude of lines. Suggest you cut the number to those you consider absolutely essential and then cut those in half for us simpletons to understand. Yes, crude is going to fluctuate but at what levels it is going to really, really matter? Buy, stop, sell, stop, support, resistance. Six lines? Maybe it's just me, but I'd think simplify, simplify, simplify.... Good luck and good trading.

[kacraj]

Thanks for the post. Number one... Welcome to the asylum.

Good to see someone try to get a discussion going of another important commodity besides the metals.

Had trouble reading your chart, however, because of the multitude of lines. Suggest you cut the number to those you consider absolutely essential and then cut those in half for us simpletons to understand. Yes, crude is going to fluctuate but at what levels it is going to really, really matter? Buy, stop, sell, stop, support, resistance. Six lines?

Maybe it's just me, but I'd think simplify, simplify, simplify....

Good luck and good trading.

Thanks diogenes227, at least you read the post and replied.

Sure will do it as per your guidelines from next post. Will try to clear in this chart n post it soon.

Edited by kacraj, 11 July 2014 - 04:19 AM.

[kacraj]

Based on this call, 101.54 Achieved. Did anyone checked?

[jabat]

yes- WTI trading around 100.77