linkedin facebook twitter gplus

WTI CRUDE OIL: 44 IS THE BASE AND UPSIDES ARE UPTO 65/75$ IN NEXT 35/40 WEEKS{CMP 54.03$} {13 DECEMBER 2016}


WTI CRUDE OIL: 44 IS THE BASE AND UPSIDES ARE UPTO 65/75$
IN NEXT 35/40 WEEKS {CMP 54.03$}

After the last week's positive close, the medium term monthly outlook remains with a demand at around 44$, which is 13 Months positive average and supply around 59$ and 73$ respectively (i.e. 34 and 55 monthly averages).

Since last MAY 2015 we did correct from 62$ to 26$ approximately and currently we are on a bounce. The first bounce was from 26$ to 51$ and then correcting to 40$, the new move opens up with a close above 51$ for at least 25$ move.

Even if we calculate the first move, the figure comes at 65$, As per Monthly chart formation, if we draw a parallel channel from bottom 26$ which is A, 51$ which is B and 40$ which is C, the D turns out at 65$.



WTI CRUDE OIL (MONTHLY CHART)



WTI CRUDE OIL (MONTHLY CHARTS)

Coming to moving averages we have supply at 34 Months (MA) and 55 Months (MA) both negative slopes @59.5$ and 73$ respectively. The long term monthly moving averages 100 and 150 are valued at 76$ and 75$,with 100 at negative slopes. Coming to the big retracements pictures from 106$ to 26$, the bounces of thecurrent rally can be Up To 56.5$, 66$ and 75$ if we take the retracements levels of 38.2%, 50% and 61.8%respectively.


Click the link to read next Page (Page 2)

http://ntdtrading.in/research-desc.php?pageid=754


  • Read old Top Reports on Brent oil click the link below.

  1. Brent Oil - Crash ?? - We are expecting sharp downfall in Brent Oil... Analysis are follow http://ntdtrading.in/research-desc.php?pageid=245
  2. Brent oil can appreciate up to 80-100% in next 1.5 year ( cmp 32$) http://www.ntdtrading.in/research-desc.php?pageid=636



























Disclaimer:All information given here is largely based on technical analysis which is highly dynamic in nature and relevant only at a particular point of time. Users are advised to pursue these recommendations only at their own risk and first consult their personal investment advisor when making investment decisions. We are not liable and we take no responsibility for any loss that you incure by trading/investing on our recommendations. these study are posted for educational purpose only.

Website Maintenance By : Aarav Infotech
All Rights Reserved By ntdtrading © 2016.