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Crude Oil (MCX): Wednesday - 30/11/22

Long
Crude Oil Futures (MCX:CRUDEOIL1!)  
pradipandsuvra  
MCX:CRUDEOIL1!   Crude Oil Futures
Trend Analysis MCX mcxcrudeoil
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trendanalysis mcx mcxcrudeoil
CrudeOil is Range bound. Why? See the OI Data:

CMP: 6520.

From 6600 to 7000 -> 16K Call writings.
In 6500: 3.2K Put
In 6400: 3.1L Put


Now Technical Levels:
Support: 6400, 6325, 6200
Resistance: 6550, 6675, 6750, 6875.

Long Trade only above: 6600 (if sustains above for 15m)
Short only below: 6325.

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