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Crude

MCS Crude Oil Technical AnalysisAt present Crude Oil on MCX is trading around 6210 with a day low of ₹ 6197 and made a high of ₹ 6244. Crude oil remained under pressure this week globally. If we talk on technical side, Crude Oil was running in a fixed channel since Septmber 2021, but on October 27th 2021, it closed below support line and yesterday on 28th Oct, it opened at 6180 with a gap opening of almost 200 points down from its previous day's high. OPPORTUNITY You can short crude oil around 6240 today with a stop loss of ₹ 6336 for a taget of ₹ 6065-5990.
MCX:CRUDEOIL1!Short
by moneymarine
Crude Oil analysis and long future Om Namah Shivay The crude oil has beautiful Trianlge which has moved below the trendline. But for Nickel, it may be different, and may overshoot the trend lines. After making the pattern and completing the channel move, the movement is now in a Zigzag possibly. If structure is respected and moves as perceived, then the movement will see down move and then and steep up movement. This is just a personal analysis and has no trade idea or suggestion. Om Namah Shivay
MCX:CRUDEOIL1!
by sudhannayak
1