Hourly chart. Price moved from support zone boosted by Positive Divergence and easing out of trade war between China and USA. On weekly Hammer candle was an probable indication. Price above 50 DMA reached 200 DMA once more-- this being the fourth time in recent times.
Like yesterday's candle, today's candle has been a big bullish candle.
OI Table: 10000 Put OI is the highest(5,307,150) followed by 10200 (4,295,850) and 10500 (3,918,750). So 10500 will be giving good support. Resistances are 11000 (net position 4,353,300 shares reduced by 635,55 shares), and 10800 Call strikes.
Tomorrow we may see some consolidation or some small correction due to profit booking.
Crude is consolidating in a narrow range after a big fall.
Like yesterday's candle, today's candle has been a big bullish candle.
OI Table: 10000 Put OI is the highest(5,307,150) followed by 10200 (4,295,850) and 10500 (3,918,750). So 10500 will be giving good support. Resistances are 11000 (net position 4,353,300 shares reduced by 635,55 shares), and 10800 Call strikes.
Tomorrow we may see some consolidation or some small correction due to profit booking.
Crude is consolidating in a narrow range after a big fall.