CrudeOil important levels to watch !
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.
⚡⚡Please refer our Indicators published on tradingview if you find it useful give it a like.
⚡⚡ Follow us for more such information, educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#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.
📍 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.
⚡⚡Please refer our Indicators published on tradingview if you find it useful give it a like.
⚡⚡ Follow us for more such information, educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#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.
Trade closed: target reached
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Disclaimer: All the Views are purely for educational purpose.
Join Our free telegram channel for more detailed market views.
For Fully automated algo trading contact us:
t.me/investyourasset
Disclaimer: All the Views are purely for educational purpose.
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.