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pradipandsuvra

Crude Oil (MCX): Thursday - 24/11/22

Short
Crude Oil Futures (MCX:CRUDEOIL1!)  
pradipandsuvra  
MCX:CRUDEOIL1!   Crude Oil Futures
Trend Analysis MCX mcxcrudeoil
7
0
trendanalysis mcx mcxcrudeoil
Levels:

Support: 6350, 6200
Resistance: 6500, 6700, 6850

As per OI Data, the max Call & Put writings are seen in 6500 (3800 and 1700). So, 6500 is the crutial level.

Trade plan:
  • Once price test higher level in between 6440/6470/6550, we can just wait to short with a SL of 6550.
  • Around 6250/6200 level we can try some longs. But overall bearish.
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