iCharts Discussions

shashangan · Posted: Thu Jan 16, 2014 6:53 pm Post subject: Crude this week

I am not a crude trader. Just sensing a small possibility of danger. So thougt of posting.

All Crude traders stay cautious with stops & thin with your longs.

CMP - 94.15 $ - Overall trend Mkt needs to cross min 101 & 104 $ to gain bullish momentum. Only above 112 is major bullish trend reversal.

Immediate levels to watch is, whether it struggles to climb from 94.65- 95.35 area. Mkt has to break min 95.60 to gain some strength. It has to climb above 97 to gain bullish momentum.

If it fails to get some strong up move, it will soon target near & below 85 followed by 79 by Feb end. It may head to 59-58 region by mid of 2014.

I dont track crude closely, so I could be wrong. Do your own analysis.

Good luck
Gautham Shashangan

shashangan · Posted: Wed Jan 22, 2014 9:36 am Post subject:

You can go Short in Crude between 95.45-95.60 with tight stop 96.35 or 97.10. Min Target 92.70 followed by the possible downside as mentioned.

High showing as of now 95.48

Regards,
Gautham Shashangan