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