42.95 is my target for crude. And I will start buying from 42.95 on every drop of one dollar.

crude will break 46 for sure and may test previous low

I am looking at GOLD 1345

Vienna, 21 January 2015--The price of OPEC basket of twelve crudes stood at 43.04 dollars a barrel on Tuesday, compared with $43.87 the previous day, according to OPEC Secretariat calculations

Crude oil: Simple strategy is sell on every rise and exit at your comfort but do not buy.

18.30 - 18.70 is strong resistance for SILVER.

Exit at 18.25 levels.
Enter long only it closes above 18.70 for 21.53

silver

Looks like buying momentum waned and falling under its own record production

Two months back, I wrote commodity cycle can see upmoves from Feb 2015.It seems to start early, can see investors see more risk at CMP of world equity markets.

Gold target is 1330 and Silver 21, the previous standardized highs.

It is good to see this volatility trading generating good money. Cheers.

Earlier it was crude oil, now it is OPEC and WTI .Economics changing.

One thing is quite clear. WTI trade differently to OPEC and becoming a separate entity. OPEC no longer has any control over WTI pricing

Vienna, 14 January 2015--The price of OPEC basket of twelve crudes stood at 41.50 dollars a barrel on Tuesday, compared with $43.55 the previous day, according to OPEC Secretariat calculations

WTI rate deceptive or Inventory oriented. Watch.

Square root of last high 107.64 Minus 4 (Gann angle),mulitply it by the same number (Result), add 0.004 of the answer(cushioning) is my target.

40.82 is my target, till then no buy

Vienna, 13 January 2015--The price of OPEC basket of twelve crudes stood at 43.55 dollars a barrel on Monday, compared with $45.19 the previous Friday, according to OPEC Secretariat calculations. (View Archives)

Gulf Pressure on WTI. Discount narrowed.
Incredible Oil political / economic dynamics.
All oil producing countries hit and good for Emerging Markets.
I am undecided on  Buy.

It will break previous low.

US shale oil struggling to keep the prices afloat around 48 $.No serious buying seen, prices might drop just below 45.

I still believe 44 $ might be the bottom. Will start buy around those levels.

OPEC daily basket price stood at $45.74 a barrel Thursday, 8 January 2015

OPEC oil trades at 10% discount to WTI crude.

 Do US shale oil producers didnt want prices below 47 $ ?
Over producing Russia, Gulf will pressure US oil  producers to reduce production.
We will wait and watch,

Vienna, 8 January 2015--The price of OPEC basket of twelve crudes stood at 44.85 dollars a barrel on Wednesday, compared with $46.62 the previous day, according to OPEC Secretariat calculations

OPEC daily basket price stood at $44.85 a barrel Wednesday, 7 January 2015

hovering around 48 -49, not convincing for a buy

If it couldnt get past 49 , My target is 43.90 which will be the bottom.

It should get past 49 $ for a buy.

Triangular battle

Weaken Russia economically - US and Allies : Russia produces more oil to induce stability
Kill US shale oil - Gulf countries - Gulf countries do not cut and allow oil to drift lower till US shale oil producers hit hard.
De-stabilise  Gulf oil -  Produce more  US Shale oil by US.


More oil, very weak demand.

I am more interested to see how this battle spans out and what would be the trading range.
Sustained increased production may see oil bottom at 39 US $.
Intelligent manipulation can see oil at its high of 61 US $.

Any new war or China growth with little assistance from Europe growth can see
oil prices climbing.

10th gas Arabia summit January 13–15 Dubai, UAE, A decision awaited to arrrest the slide, in my view.

OPEC daily basket price stood at $51.91 a barrel Friday, 2 January 2015

Next target 47.26, till then I will not buy.