InvestyourAsset

Crude Oil Important levels to watch !!

MCX:CRUDEOIL1!   Crude Oil Futures
CrudeOil important levels to watch are as follows

#Support: 7385

Sell below: 7385 only on 15 minute candle closure below the level.
Target 1: 7320
Target 2: 7240



#Resistance: 7475

Buy Above: 7475 only on 15 minute candle closure Above the level.
Target 1: 7525
Target 2: 7580
Target 3: 7680




=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.

=> # Please do your own research before initiating any trade. Always use 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.
Comment:


marked levels are still intact, Wait for breakout or breakdown !!
Comment:

the chart says it all... price reached exactly at target 1 after the break of support.

Just the way it was planned!!
Comment:


crudeOil second Target Also achieved as planned !!
Comment:

CrudeOil taking support at day low !

breakdown from which may further drag crudeoil towards 7190-7170
Comment:
Trade closed: target reached:
all the targets on downside achieved.

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Disclaimer: All the Views are purely for educational purpose.