Crude oil important levels to watch.
Updated
CrudeOil important levels as per 15 minute time frame are as follows.
#Current Price: 5748
#Support: 5540
#Target on downside: Upon break of support expected ultimate target on downside can be 5300-5320 levels.
#Resistance: 5770
#targets on upside: Upon break of resistance, expected targets on upside are 5840, 5960.
trade only on trigger. Keep SL as per your risk appetite.
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#Current Price: 5748
#Support: 5540
#Target on downside: Upon break of support expected ultimate target on downside can be 5300-5320 levels.
#Resistance: 5770
#targets on upside: Upon break of resistance, expected targets on upside are 5840, 5960.
trade only on trigger. Keep SL as per your risk appetite.
Please follow us for more such educational ideas, and give us a like if you like the information.
Note
as mentioned, rejected from given resistance. wait breakout to initiate long trade. as per my view, 5770-5680 should be no trading zone.
A short trade can be initiated for scalping if the price sustains below 5680.
Note
Trying to breakout, let it sustain above our resistance before initiating long tradeNote
Breakout did not sustain, rejected and took support at 5680 level updated earlier.
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