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pradipandsuvra

Crude Oil (MCX): Tuesday - 22/11/22

Long
Crude Oil Futures (MCX:CRUDEOIL1!)  
pradipandsuvra  
MCX:CRUDEOIL1!   Crude Oil Futures
Trend Analysis Double Top or Bottom MCX mcxcrudeoil
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trendanalysis doubletoporbottom mcx mcxcrudeoil
In Daily chart it is creating a M pattern, tested the low of M as in 6200 in today's session. and Nice bounce from there.
Now it's consolidating aorund 6600 level after a sharp move.
If 6600 level can be behold, buy 6600 Call with the SL of 6550 for a target of 6750/6900 in coming sessions (a day or two).

If it can not hold 6600, buy 6600 Put with SL of 6650, target: 6350/6225.
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