InvestyourAsset

CrudeOil Important Levels to watch !!

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

#Support: 6420
Sell below:6420 only on 15 minute candle closure below the level.
Target 1: 6350
Target 2: 6240



#Resistance: 6560
Buy Above: 6560 only on 15 minute candle closure Above the level.
Target 1: 6630
Target 2: 6760



#Demand Zone: 6450-6420 act as a immediate buying zone, and price may bounce from the region marked in green on the chart.

#Supply Zone: 6680 - 6630 may act as an immediate selling zone, and price may reject from the region marked in red on the chart.


#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.

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keep an eye. Flag pattern breakout can be expected. entry only on confirmation with strict trailing SL.
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candle needs to be closed above 6530 for confirmation.
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be focused.
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After the break of resistance target 1 achieved successfully.

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again rejection from supply zone and bounce from demand zone just the way it was described in the idea description.

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Gap Up opening ... wait for fresh breakout before taking any entry
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again rejected from supply Zone ~~
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ready to short below 6585, Never forget to use strict SL.
Entry only on confirmation.

This is just a view and not a recommendation, please follow your own trading setup.
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and finally achieved Target 2 !!


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Trade closed: target reached

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