NG (MCX): Week of - 26/12/2022
Levels:
Support: 430, 400, 380, 350
Resistance: 450, 500-520, 550
OI Data (23rd Jan Expiry):
Nearest Major Resistance in Crude per OI data: 450
Nearest Major Support in Crude per IO data: 400
Trade setup:
1. Looking at the OI data, most likely range-round is: 400-500
+++++++++++++++++++++++++++++++++++++++++
Trade | Level | SL | T1 | T2
-----------------------------------------
BUY | > 460 | 425 | 500| 525
-----------------------------------------
SELL | < 400 | 425 | 380 |350
+++++++++++++++++++++++++++++++++++++++++
Support: 430, 400, 380, 350
Resistance: 450, 500-520, 550
OI Data (23rd Jan Expiry):
Nearest Major Resistance in Crude per OI data: 450
Nearest Major Support in Crude per IO data: 400
Trade setup:
1. Looking at the OI data, most likely range-round is: 400-500
+++++++++++++++++++++++++++++++++++++++++
Trade | Level | SL | T1 | T2
-----------------------------------------
BUY | > 460 | 425 | 500| 525
-----------------------------------------
SELL | < 400 | 425 | 380 |350
+++++++++++++++++++++++++++++++++++++++++
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.