Crudeindia
crude oil avoid fomoYOU WILL GET CHANCE TO GO LONG ON OIL AT 6900 LEVEL AVOID FOMO AT CURRENT LEVEL
hello everyone, price at cmp = 7000 - 7300 has multiple resistance from previous trend
and with current trend price has left some imblanace zone and fair value area
which is likely to be retested soon
within current zone there will be trap on both side as big institute and banks will be creating liqudity pools getting in their way = wiping your account
there are some other pair tradable still
keep track on this idea & level 6910 and 6885, 6690 and 6750
crude oil (mcx) new udateprice got rejected from dotted ascending trend line
previously we have decide to go long on crude as there was good setup as per smc
but price didnt came to our buying limits
and a sudden gap down creates a panic and price got sold out
now price has breached first higher time frame demand
and halting at non mitigated level which is another higher time frame demand
follow the price structure by lower high and lower lows
6460 and rd fig 6400 is a support last defence line for buyer will be 6300
MCX- CRUDE OIL - 15 min SellMCX Crude Oil Futures MCX:CRUDEOIL1! giving signs of exhaustion after recovering from downfall .
expecting the fresh sell off trend to begin for potential targets zone . As per the Pattern expect the selling pressure to remain below 7800 levels .
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Happy Hunting ,
Chintamani
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