Crude Oil Weekly Technical Chart Analysis 22-26 April

MCX:CRUDEOIL1!   Crude Oil Futures

πŸ“Š Crude Oil MCX 20 May Future Technical Chart Weekly Analysis

🎯 Range Point: 6981
🎯 Weekly Range: 374

πŸ“‰ Buy Above: 7049
πŸ“‰ Average At: 7005
🎯 Buy Targets 1: 7212
🎯 Buy Targets 2: 7355
πŸ›‘ Buyer Stoploss: 6924

πŸ“‰ Sale Below: 6961
🎯 Sale Targets 1: 6750
🎯 Sale Targets 2: 6607
πŸ›‘ Seller Stoploss: 7086

Please follow/boost or respond what do you think of this trade. You actions fuel me to work ever harder to provide directional trade and save the traders from any shock from the market.

#Crude #CrudeOil #CrudeOption #CrudeFuture #MCX #MCXLevels #OilFuture

Crude Oil MCX 20 May Future Weekly Technical Analysis

Traders eyeing the Crude Oil MCX 20 May Future should prepare for a dynamic week ahead, marked by clear levels and a defined weekly range.

Key Levels:

Range Point: 6981
Weekly Range: 374 points
Buy Scenario:

Traders seeking long positions should monitor the market closely for a breakout above 7049. An entry at 7005 could provide a solid average position. Ambitious targets for buyers are set at 7212 and 7355, indicating potential bullish momentum. To mitigate downside risk, a prudent stop-loss is advised at 6924.

Sell Scenario:

Alternatively, a drop below 6961 may present opportunities for short positions. Sellers targeting 6750 and 6607 should remain vigilant. Implementing effective risk management strategies is essential, with a stop-loss set at 7086 to limit potential losses.

As traders navigate the Crude Oil MCX 20 May Future, a comprehensive understanding of these levels and disciplined risk management practices will be critical for capitalizing on potential opportunities while managing risks effectively.

Seasoned commodity trader with excellent analytical skills.

Let's connect for daily intraday and weekly levels

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.