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Fuel your Wealth with crude oil !!

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

Currently, CrudeOil is moving in a parallel channel since 23rd August. Meanwhile current important levels are as follows.

#Support: 6750
Sell below: 6750 only on 15 minute candle closure below the level, next immediate support can be expected at day Low which is marked in dashed line.
Target 1: 6690
Target 2: 6640-6420



#Resistance: 6771
Buy Above: 6771 only on 15 minute candle closure Above the level.
Target 1: 6820
Target 2: 6875-6890



#Demand Zone: 6600-6630 may act as a immediate 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 stop-loss in order to protect your capital.

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Comment:


breakdown from support,

Previous support may act as a resistance from now.
Comment:
all the targets on upside achieved successfully after break of resistance.

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