Saturday, 21 May 2016

Weekly Outlook for Dow & Crude for 23rd to 27th May

Dow 30

In the coming week Dow needs to break and sustain above 17650 to confirm uptrend and then one can expect a move till 17809 initially and breaking and sustaining above 17849 will give further confirmation for the next move which can take us till 18135. Similarly Dow needs to break and sustain below 17351 to confirm downtrend and then one can expect a move till 17192 initially and breaking and sustaining below 17152 will give further confirmation for the next move which can take us till 16866.


Dow Levels for the week are

Long above 17593 , Tgt  17650 - 17696 - 17743

IF Dow manages to get a close / sustain above 17809 then ,

long again for 17849 - 17985 - 18135

Short below 17408 , Tgt 17351 - 17304 - 17258

IF Dow manages to get a close / sustain below 17192 then, 

short again for 17152 - 17016 - 16866



CRUDE 

In the coming week Crude needs to break and sustain above 49.19 to confirm uptrend and then one can expect a move till 49.98 initially and breaking and sustaining above 50.18 will give further confirmation of the next move which can take us till 51.60 . Similarly sustaining or closing below 47.70 can make Crude test lower levels till 46.92 initially and breaking and sustaining below 46.72 will give further confirmation of the next move which can take us down till 45.30 .

Crude Levels for the week are

Long above 48.91 , Tgt 49.19 - 49.42 - 49.65

IF Crude manages to get a close / sustain above 49.98 then 

long again for 50.18 - 50.85 - 51.60

Short below 47.99 , Tgt 47.70 - 47.47 - 47.25

IF Crude manages to get a close / sustain below 46.92 then 


short again for 46.72 - 46.04 - 45.30