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pradipandsuvra
Dec 11, 2022 5:23 AM

Crude Oil (MCX): Monday - 12/12/22 Short

Crude Oil FuturesMCX

Description

Supports: 5900, 5800, 5700
Resistance: 6050, 6150, 6275

Max OI:
Call side: 6000 & 6500
Put side: 6000

Trend is downtrend only. 6000 is the most crucial level as 10K+ OI (Call + Put) is sitting there.
Comments
ambadas2010
Watch hourly RSI plz
ambadas2010
View is Good ...
rajivhtc
can we expect some bounce from here ! a good bounce !
pradipandsuvra
@rajivhtc, Honestly that will be best. But the trend is down, RSI is still not showing a reversal. So how can we say it right now?
May be price will take support and bounces from there.
rajivhtc
@pradipandsuvra, thanks for your views. pl do update if there is anything new that is happening.
pradipandsuvra
@rajivhtc, No change. The price is respecting the support and resistances (per level).
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