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CrudeOil Important Levels to watch

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

#Support: 6880
Sell below: 6880 only on 15 minute candle closure below the level.
Target 1: 6830
Target 2: 6795



#Resistance: 6960
Buy Above: 6960 only on 15 minute candle closure Above the level.
Target 1: 7020
Target 2: 7085



#Demand Zone: 6880-6910 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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Comment:
Close to the demand Zone. lets see if it breaks or takes a bounce from here
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keep your stoploss trailing.
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High made 6955 after bouncing back from demand zone
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price reached at support. lets see if it breaks or bounces back again.
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Still not able to breach any level.
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low made 6840 after break of support. 10 points away from target 1
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achieved target 1 and bounced back upwards as described in the idea description each target may act as an individual support and resistance.
Comment:
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Trade closed: target reached

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