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CrudeOil Important levels to watch.

MCX:CRUDEOIL1!   Crude Oil Futures
Crudeoil important levels to watch are as follows

#Support:6915
Sell below:6915 only on 15 minute candle closure below the level.
Target 1:6850
Target 2: 6770
Target 3: 6670



#Resistance: 6965
Buy Above: 6965 only on 15 minute candle closure Above the level.
Target 1: 7040
Target 2: 7090



#A bearish harmonic pattern has been drawn on the chart along with its entry and stoploss level. As per the pattern it can be expected that price may face rejection at the top. Once the top is taken off again it is recommended to exit short positions or the top can be used as a stoploss.



#Demand Zone: 6620-6650 may act as a buying zone and price may bounce from the region marked in green on the chart.




#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.

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waiting to break the range.
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resistance break

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