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Crudeoil Positional Analysis ~ Welgro Corner |
welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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Post: #61  Posted: Mon Jun 30, 2014 10:52 pm Post subject: |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #62 Posted: Wed Jul 02, 2014 3:52 pm Post subject: |
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| amitagg wrote: | | check crude oil chart...breakdown from diamond formation .....?.....bearish....but since crude whipswas possible....... |
as expected the pattern break happened....watch out for long at 6230 [50% retrace] and 6245....... no short here at 6275 support area..... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #63 Posted: Wed Jul 02, 2014 8:47 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | check crude oil chart...breakdown from diamond formation .....?.....bearish....but since crude whipswas possible....... |
as expected the pattern break happened....watch out for long at 6230 [50% retrace] and 6245....... no short here at 6275 support area..... |
crude bounced exactly from 6245 and touched 6300....  |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #64 Posted: Wed Jul 02, 2014 9:21 pm Post subject: |
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| Yesterday Shorted at 6341 now i am waiting for 6210 for cover 50% qty |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #65 Posted: Wed Jul 02, 2014 9:44 pm Post subject: |
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| welgro wrote: | | Yesterday Shorted at 6341 now i am waiting for 6210 for cover 50% qty |
logical...the H&S and diamond target at 6500-6350=150 .....6350-150=6200.....but u want to go for 6165/6100 that is something great |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #66 Posted: Thu Jul 03, 2014 9:14 am Post subject: |
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After 14 days consolidation now NYMEX crude oil breaks the mother candle low range.
Today close is very important for further trend decide.
Previously we expect price will hold above $ 104.50. (Positive breakout trend line support)
Now price breach as well trades below the support line.
We are expect some profit booking pull back possible at next strong support $103.70 level.
Pull back rally if didn’t breach $ 105.50 then down trend will be start here, Down side targets $102 and $99.30. |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #67 Posted: Thu Jul 03, 2014 10:05 am Post subject: |
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| welgro wrote: | | Yesterday Shorted at 6341 now i am waiting for 6210 for cover 50% qty |
Booked profit 50 % qty at 6215. balance 50% qty holding,Target will be update later. |
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ConMan
White Belt
Joined: 06 Aug 2008
Posts: 344
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| Post: #68 Posted: Thu Jul 03, 2014 10:56 am Post subject: |
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| welgro wrote: |
After 14 days consolidation now NYMEX crude oil breaks the mother candle low range.
Today close is very important for further trend decide.
Previously we expect price will hold above $ 104.50. (Positive breakout trend line support)
Now price breach as well trades below the support line.
We are expect some profit booking pull back possible at next strong support $103.70 level.
Pull back rally if didn’t breach $ 105.50 then down trend will be start here, Down side targets $102 and $99.30. |
Welgro, your explanations with patterns are excellent and to the point. Thanks for these updates |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #69 Posted: Thu Jul 03, 2014 6:06 pm Post subject: |
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| welgro wrote: | | welgro wrote: | | Yesterday Shorted at 6341 now i am waiting for 6210 for cover 50% qty |
Booked profit 50 % qty at 6215. balance 50% qty holding,Target will be update later. |
Covered full short position at 6235..Now bought @ 6235 small qty with day low stoploss. |
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hardik0007
White Belt
Joined: 16 Mar 2011
Posts: 53
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| Post: #70 Posted: Fri Jul 04, 2014 8:48 am Post subject: |
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| welgro wrote: | | welgro wrote: | | welgro wrote: | | Yesterday Shorted at 6341 now i am waiting for 6210 for cover 50% qty |
Booked profit 50 % qty at 6215. balance 50% qty holding,Target will be update later. |
Covered full short position at 6235..Now bought @ 6235 small qty with day low stoploss. |
still holding Crude? or sl hit |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #71 Posted: Fri Jul 04, 2014 9:20 am Post subject: |
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| Sl hit, Now i am in side line...(Don't have any open position) |
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hardik0007
White Belt
Joined: 16 Mar 2011
Posts: 53
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| Post: #72 Posted: Fri Jul 04, 2014 12:04 pm Post subject: |
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| welgro wrote: | | Sl hit, Now i am in side line...(Don't have any open position) |
above 6240 can I long? |
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anand512
White Belt
Joined: 26 Jun 2009
Posts: 109
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| Post: #73 Posted: Mon Jul 07, 2014 4:09 pm Post subject: |
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sir,
crude oil down side target and stoploss ? |
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anand512
White Belt
Joined: 26 Jun 2009
Posts: 109
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| Post: #74 Posted: Mon Jul 07, 2014 4:12 pm Post subject: |
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| positional view on nickel pl. |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #75 Posted: Mon Jul 07, 2014 4:28 pm Post subject: |
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| anand512 wrote: | sir,
crude oil down side target and stoploss ? |
plan to take long above 6250 |
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