CrudeOil important Levels to watch !

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

#Support: 7045

Sell below: 7045 only on 15 minute candle closure below the level.
Target 1: 6930
Target 2: 6750

#Resistance: 7204

Buy Above: 7204 only on 15 minute candle closure Above the level.
Target 1: 7300
Target 2: 7460

=> # 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.

Breakdown from the support and we all can now witness a huge downward momentum exactly from the given support level, Just the way it was planned !!

price touched exactly at the marked level of target 1 and bounced back. read idea description for better understanding, its clearly mentioned that each target can also act as a support or resistance. In this case Target 1 acted as a support, just the way it was planned !

crude 7237 is acting as a major resistance as of now as price rejected for more than once exactly from the level,
for further upward rally, price need to breakout and sustain above 7237

focus now !

Breakout- Retest and ready for further rally !!

target 1 on upside achieved after breakout from the recent resistance as described in the previous snapshot of this idea.
Trade closed: target reached

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Disclaimer: All the Views are purely for educational purpose.