CrudeOil Important Levels to watch !
Updated
CrudeOil important levels to watch are as follows
#Support: 7460
Sell below: 7460 only on 15 minute candle closure below the level.
Target 1: 7420
Target 2: 7360
#Resistance: 7570
Buy Above: 7522 for scalping and buy above 7570 for directional trade only on 15 minute candle closure Above the level.
Target 1: 7650
Target 2: 7760
#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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#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
#Support: 7460
Sell below: 7460 only on 15 minute candle closure below the level.
Target 1: 7420
Target 2: 7360
#Resistance: 7570
Buy Above: 7522 for scalping and buy above 7570 for directional trade only on 15 minute candle closure Above the level.
Target 1: 7650
Target 2: 7760
#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.
Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#If you are Unable to trade properly and dissatisfied with your manual trading results due to busy schedule or "Fear & Greed" emotions Algorithmic trading can be the most useful solution kindly follow us and join us using details mentioned below the idea.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
Note
Price is more likely to consolidate between a small range.Note
Again bounced back exactly from the marked demand Zone.
Note
we can expect a major movement only if crude prices managed to break either Demand Zone or Supply Zone.Note
Target 1 achieved after break of demand zone and the trendline support.
7420 May also act as a support, further downward momentum need to break and close below 7420.
Note
Price took support at mentioned level and bounced back upwards.
Note
Price is at trendline resistance, stay Focussed. We may expect further upward momentum upon breakout.
Note
weak opening !Note
Resistance breakout, expected upward movement kindly use strict SL.Note
The previous resistance may act as a support, agressive short positions should be avoided as long as price is trading above 7570. Long position holders should keep the SL slightly below 7570.
Disclaimer: This is just a view and should be considered only for educational purpose.
Note
Note
Target 1 on upside achieved successfully after break of resistance. Told you not to short agressively.
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Note
The chart Says it all !! CrudeOil Performed Just the way as it was planned.
Both targets achieved on downside after break of support,
Later, both targets on upside successfully achieved after break of resistance today.
Trade closed: target reached
All the targets achieved just as planned. Follow us for timely updates regarding more such insightful ideas daily.
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