CRUDE OIL MCX - OCTOBER 2nd Week Plan

Oct 4, 2023

Time frame for study - 4 hr

Conclusion -

-- Continuous two Uptrend seen in crude till 7990 level
-- A correction wave of A,B,C seen till 6970 to 7010 levels for B wave
-- For C wave if any support taken near 6970 - 7010 then immediate target can be 7367 with some ups and down

This chart is only for educational purpose. Do your own study before taking any trades.

Oct 4, 2023

Note

Double top in past supported as a resistance level

Daily Chart

Oct 5, 2023

Note

May dip till 6750-6800 Levels

Waiting for a reversal confirmation for directional trade

No trading recommendation

Oct 5, 2023

Note

Expected Move

Oct 9, 2023

Note

War effect Crude jumped 4% up - 7166

Oct 9, 2023

Note

Most Likely to go up from this consolidation level

Oct 9, 2023

Note

Oct 10, 2023

Note

3 days side ways

Now tunnel expansion on 5 min time frame

Also, Took strong support near 7100

Oct 10, 2023

Note

Hammer shown in green arrow and had a smooth move

Oct 11, 2023

Note

Target Open

Oct 11, 2023

Note

Oct 12, 2023

Trade active

Oct 16, 2023

Trade closed: target reached

Had a high volatility

Made high 7372 on 16th Oct 2023