Crude oil important levels to watch.

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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Comment:

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.

Comment:

Trying to breakout, let it sustain above our resistance before initiating long trade

Comment:

Breakout did not sustain, rejected and took support at 5680 level updated earlier.