Crude Could do Over 110 Sep 22-26 - Rakesh Chandra

Crude oil is upside was expected. It has achieved its first target. Now a decline to 107 cannot be ignored. Shorting at a higher level is a better idea.

Upwave (2-3) WUT2: 110;
Upwave (0-1) WUT1: 107;

Price is bullish above weekly pivot point of 103.78 and price is bearish below weekly pivot point of 101.92.

Downwave (0-1) WLT1: 99;
Downwave (2-3) WLT2: 94.

Crude for the Week August 25-29 - Rakesh Chandra

Upwave (4-5) WUT3: 124;
Upwave (2-3) WUT2: 122;
Upwave (0-1) WUT1: 118;

Price is bullish above weekly pivot point 115.38) and price is bearish below weekly pivot point 113.87.

Down wave (0-1) WLT1: 111;
Down wave (2-3) WLT2: 107;
Down wave (4-5) WLT3: 105.

Crude for the Week August 11-15 - Rakesh Chandra

One EOD basis, crude is on W3 down wave, which is near completion. The W4 upwave, a consolidation, is on the cards in the coming days. In the intermediate timeframe, an upward move in crude cannot be ignored. Any decline would be a buying opportunity.

Upwave (4-5) WUT3: 5,330;
Upwave (2-3) WUT2: 5,205;
Upwave (0-1) WUT1: 5,003.

Price is bullish above weekly pivot point 4,877.64 and price is bearish below weekly pivot point 4800.36.

The weekly lower targets are as follows:

Down wave (0-1) WLT1: 4,675;
Down wave (2-3) WLT2: 4,473;
Down wave (4-5) WLT3: 4,348.

Nifty 4225 and Beyond - AP

After being overtly bullish for the last few days, I am cautiously bullish now. The market is fast approaching overbought conditions on hourly charts, and hence the cautiousness. The first hurdle for Nifty is 4110-4120, and the support level is 3990-4020 (it should not go below this level this week, if this bullishness is to continue).
It is recommended to remain long, and also hedge the positions by buying Nifty puts once Nifty approaches 4190-4220.

The puts can be squared off in loss once Nifty crosses and closes above 4225, beyond which 4365-4370 looks possible. Till then enjoy the see-saw ride.

'See-saw' reminds me of the relation between Nifty and the MCX Crude in INR. Nifty on January 8, 2008 was 6357, which was the high for the Nifty for months to come (even years!) and the high of crude oil on MCX on July 15, 2008, was 6358, again a high for monthsand years to come.

Are the bulls and bears in the stock market and commodities markets playing a game of see-saw like the kids do in a park?

Crude Cracks - Inder Bhatia

A few weeks ago, I had predicted crude topping and that it is ready to crack. The same thing has happened in the last 15 days. Now, a divergence can seen clearly on the daily chart. For coming days it will test $126-127, and then again it will move up to $135-137. Cracking below $125, crude will move for $120-115$.

USD will Define Crude Top - Anil Gandhi

The global equity markets bottom is quite strongly linked to top in crude oil as of now, and crude oil can top out only when US dollar (USD) starts its Bull run again.

Amid talk of a bear run and recession in the US economy, a bull run in USD will move money out of Gold -- for a while considered a safe haven -- and also put a top in crude oil (cheap import of oil in USA). This will be the starting point of stability and the short-term bottom resulting in 2-3 months of uptrend in the equity markets.

I recall how Dow had topped out earliest in October 2007, before rest of world markets had topped out in January, so ideally Dow should bottom out first followed by the rest of the world 's markets. Invest 35 percent of your cash now in frontline stocks. Just 35 percent and not all of it.
and keep adding on more as the uptrend starts and more signals comes in.