Crude bearish move

24 Mar 2017

Thursday - WTI Crude opened 48.38, made a high of $48.48 and low of $47.58 and closed around day’s low to $47.63(00.75).

Medium term view- Crude should have touched 56 which got missed by $2. It has created a doubt in mind about upside still pending, however we maintain our bullish view intact towards $54.50-$56.70-$62.20 unless $43 is breached. We will consider to re-enter around $47-$46.50 levels for targeted levels, aggressive traders can take entry anywhere near $47.

Crude is continuously trading lower from a week, strong support of dead see can be seen around 47-46.50 levels. For the day 47.95-47.90 should act a resistance.

Conclusion: WTI Crude should touch 47.40-47.03, till it's trading below 48.50 levels.
…stockstopp(stockstopp@gmail.com)

Crude has taken support..

14 Mar 2017

We have decided to go ahead with a long time due, Crude blog. We thank everyone for their support and motivation, and will give our best towards WTI Crude analysis regularly.

Monday-WTI Crude made a low of $47.97 and made a high of $48.68 and closed around $48.46(-16).

Crude was trading low from last 5 days, and yesterday was the first positive day, however for the day $48.70-$48.90 levels should act as a strong resistance.

Medium term view- Crude should have touched 56 which got missed by $2. It has created a doubt in mind about upside still pending, however we maintain our bullish view intact towards $54.50-$56.70-$62.20 unless $43 is breached. We will consider to re-enter around $47-$47.50 levels for targeted levels, aggressive traders can take entry anywhere near $48.

Conclusion: WTI Crude should touch $48.40-$48.20, till it's trading below $49.05 levels.
 
…stockstopp(stockstopp@gmail.com)