Tuesday, January 8, 2013

Trading Idea: Crude (Short term update )

Dear All,
                     We were bullish on crude frm 4700 levels and gave target of 5000---5200 ..........so far we hit today 5164 levels ....now what next

We might be close to complete C wave up of abc up .............and can start Big c wave Down ...

Wave 5 target normal 61.8% to 1 of distance from 0----3 ............so far 61.8% seems to done at 5164 levels ...if it goes for equality then  we can see levels of 5235    else  ....now if we break and close below 5105 we will start Big C wave down 

Crude Medium term Bearish ---- Target 4500
Crude Long term Bearish ------Target 3000---1600

Bulls be cautious Now in Crude 



Kindly chk charts

Thanks & Regards
Abhay Mehrotra



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