EuroUSD - Nifty50 & WTI Crude

WTI Crude Weekly

I expect Crude to make a bottom of 30 against the USD and then reverse and close above 35 for the week. If that happens i will consider crude to have bottomed out.

Deeper Correction in Dow, Post FED Meeting on 15th Sept & After Effects

I usually do not like to make dramatic statements and for the DJIA which corrected heavily during end of August I had only taken 16,000 as a correction point. If the coming week with the FED meeting approaching, the DJIA close is below 16,000, i believe there would be a sharp sell off again towards 13,820. In short September should be a happening month.

Effect on Sensex: Usually a 1000 point drop on the Dow means a 2000 point drop on Sensex. In all likelihood another sell off could happen targeting 21000 on the Sensex.

Effect on USD/INR: The Indian Rupee would touch 70, which would be the top for all times to come.

Effect on EUR/USD: Euro would move ahead of its previous recent high and target 1.1920.

WTI Crude: I don't expect crude to be a beneficiary of all this chaos created by the Dow however will be able to say next week after FED meeting.

USD/CHF & USD/JPY: I find these both counters very good sells at current levels.

WTI Chart-Possible Bottom Formation

I expect WTI Crude to bottom out at around 32 to 36 range.

WTI Crude

WTI Crude Buy Signal

Trade Setup for WTI Crude

A great trade opportunity is unfolding in Crude in the coming weeks. Only a close below the 20 MA will be considered as a failure of the setup. The chances of success are 90%.

WTI Crude

WTI Crude, Gold, Silver - End of March 2015

WTI Crude and USDX

WTI Crude

WTI Crude

WTI Crude Analysis - End of Jan 2015

This week is US Unemployment data and Non Farm Payrolls. Main focus is going to be on the Friday data. I expect crude to hold previous low and move up towards 55 USD as indicated in the chart. For the coming week the low could be 46.50. The chart has a typo. Its not 44.50 but 46.50.

WTI Crude - Possible wave count