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CrudeOil important levels to watch !

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

📍 Support: 6155

📊Sell below: 6155 only on 15 minute candle closure below the level.
📉Target 1: 6100
📉Target 2: 6050


📍 Resistance: 6225

📊 Buy Above: 6225 only on 15 minute candle closure Above the level.
📈Target 1: 6290
📈Target 2: 6355





⚡⚡ 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.


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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:


crudeoil achieved both the targets on downside after the break of support.

Bounced back exactly from the demand zone plotted on the chart.

Stay tuned for further updates.
Trade closed: target reached

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Disclaimer: All the Views are purely for educational purpose.