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Ashish Ghosh is a NCFM certified research analyst for the global and Indian financial markets. With more than 15 years of experience in the capital market, Ashish has been published in high-profile online media regularly. He holds a B.Sc. in Math along with NCFM certification for Technical and Fundamental analysis. Presently, he is working with iForex as a financial analyst/content writer since 2017, analyzing mainly the global and Indian markets. You can reach him for professional levels trading ideas or signals through Gmail/telegram ID: ashishghoshjpg/asisjpg

Wednesday, 9 March 2016

Crude Oil: 38.50-40.50 May Be Proved As A Big Hurdle In The Days Ahead

Only sustaining above  38.50-40.50 Crude oil can rally up to 46.50-57.50 zone;
Otherwise it can again fall towards 29-26 area.

All round co-ordinated production cut talk may be a fantasy
and basic dynamics of supply demand situation may not be changed by 2016-17. 

For Crude, 40-30 range may be the new normal in 2016.

Trading Idea:

CMP: 37

Either sell below 38.50 or on rise around: 39.50-40.50;

TGT: 33.45-29.10-26.05-24

TSL> 44-46.50

Note: Consecutive (3 days) closing above 46.50 for any reason,Crude may further rally up to 58*-63-70-79 in the mid to long term (alternative bullish case scenario from the present trading level)

 Analytical Charts:









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