Published: Full report weekly trading ideas May 19 -23 NYMEX and MCX, Targets achieved bought Monday exited Wednesday.

	Weekly Trading ideas for the week MAY 19 -23
		CRUDE OIL		Upward bias
NYMEX
Trading  idea		buy	101.3-101.60			100.80 -101.25 strong support
one week		target	103.15,103.85
		short	104	This second call short with very small quantity,
		target	103.22	coz it might extend to 105.02
Buy at 101.30 to 101.60 with Stop Loss 100.50 for Target 103.15, 103.85
MCX			RBI STEPS IN 58.70
Trading  idea		BUY	5947-5960
one week		Target	6054, 6095
		Short	6103	This second call short with very small quantity
		Target	6060	,coz it might extend to 6160
Buy at 5947 to 5960 with Stop Loss 5900 for Target 6054, 6095
Reasons for BUY
Demand out look
1	china imports more
2	ukraine conflict
3	US oil export ban
4	OPEC - forecast - increase in demand in second half ,will produce more to meet requirements.
Price
1	Reports say that OPEC and other Oil producing countries  require price of 100 $
Price movement
1	99.35 -100.03 - I see long build up
2	one daily big candle, followed by another high volume
	candle which prevented the shorts,keeping price above 100
3	101.28 : FIB 50% provided support when the price ran to 102.60
		effectively controlled the shorts
4	101.28 -101.85 -I see price consolidates and stay above 101.85
price movement strength
1	crude oil strongly resisted at 2.5% of its every upmove
	97.50 is strong base.
	oscillated near 100
	touched 102.50 ,but managed to stay above 102
	My strong conviction it will finds its way to 105
2	crude oil makes a move of 8 % when it is strong
	97.5	8 % move	105.3
Please note all levels are worked out to the finest detail
No need to stick to buy and sell trade points
As per indications. Trade at your suitable level.
Do not invest or trade with more than 6 lots. Or 30% of your capital.
I never used to give stoploss points, when trade reverses, I switch to safe trades.
Use stoploss points wherever you feel required.
Investment risks (loss) to be controlled at 5 % of your total  capital or 10 % of trading capital
Trade wisely,
Annadurai