Natural Gas (MCX): Week of 12/12/2022Supports: 508, 490, 475
Resistance: 525-535, 550, 570
Buy opportunity above: 535, SL: 510
Sell opportunity below: 490, SL: 510
MCX
Crude Oil (MCX): Thursday - 08/12/22Supports: 6000, 5940, 5850, 5750
Resistance: 6080, 6150, 6275
OI Data:
Max Calls are in 6500 (9.2K). Then 6200 (5K)
Max Puts are in 6000 (3.7K)
Overall, sideways, in the consolidation.
Crude Oil (MCX): Wednesday - 08/12/22Support: 6080, 6000
Resistance: 6150, 6250, 6350
View: Sell on rise. Too much call Open Interest addition is seen.
Now where to sell (on rise)? 6250-6275 is perfect level to short. Next is 6350 level.
OI Data:
Call writing are havoc. 6100 (2.8K), 6200 (3.5K), 6300 (4.1K), 6400 (4.6K), 6500 (8.1K).
Put writing: 6100 (2.5K), 6000 (3,5K)
Crude Oil (MCX): Wednesday - 06/12/22Supports: 6300, 6250, 6050
Resistance: 6400, 6500, 6650, 6775
OI Data: From 6400 to 6600: 13K calls are sitting. Definitely bearish. 6500 has 5.2K calls sitting.
Max PUT (hence support) is at: 6000.
So the level has shifted downward .. 6500-6000.
MCX GOOD TO WATCHGood to keep watch
Always respect SL & position sizing
Trade Secrets By Pratik
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Natural Gas (MCX): Week of 05/12/2022In Hourly chart, MCX Natural Gas (NG) is showing a positive divergence. It's clear.
The price is making lows, but the RSI is making higher low. Means price will go up to follow the RSI momemtum.
Max OI for Dec'23 expiry: 550 has max Call and PUT (2.5K total - that's pretty high in NG terms).
Trade Plan:
Expecting price will bounce back from CMP upto 560. Then will again retest this 550-535 zone and may consolidate there.
Trade:
Buy zone: On breakout of 560, SL: 540, T: 600
Sell zone: On breakdown of 530, SL: 550, T: 500
Crude Oil (MCX): Monday - 05/12/22Levels:
Support: 6500, 6350, 6250, 6050
Resistance: 6650, 6780
OI Data (15th Dec Expiry):
Nearest Major Resistance in Crude per OI data: 6600 (2.3K), 6700 (2.5K)
Nearest Major Support in Crude per IO data: 6500 (2.4K), 6400 (2K)
Trade setup:
1. For any buy trade, follow the N pattern (let the price run above the level, let it retraces back to the level and let it hold the level as support)
2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pull back to the level and unable to pass through the level as resistance).
Trade:
1. Looking at the OI data, it's going to be range bound : 6400-6700
2. So from OI perspective, this Option Strategy shall work for 15th Dec Expiry:
Strategy: Iron Condor (range bound)
BUY Call 7000, BUY Put 6100
SELL Call 6900, SELL Put 6200
All Dec-15 Expiry.
Crude Oil (MCX): Friday - 02/12/22Supports: 6500 (Very Important - Fib 61.8%), 6325-6350, 6200, 6075
Resistance: 6650-6680 (Very Important - Fib 78%), 6775-6800
OI Data: Call OI Changes: 6600(2.2K), 6700(2.5K), 6800 (2K), 7000(5.6K)
PUT OI Changes: 6500 (3.2K), 6400 (2.6K), 6200 (2K)
So from OI perspective, this Option Strategy shall work for 15th Dec Expiry:
Strategy: Iron Condor (range bound)
BUY Call 7000, BUY Put 6100
SELL Call 6900, SELL Put 6200
Crude Oil (MCX): Thursday - 01/12/22Supports: 6500, 6325
Resistance: 6680, 6750
15th Dec Expiry OI Data Point:
Major Call writing are in:
6800 : 2K
7000: 6.5K
7100: 2K
Major Put writings are in:
6600: 1680
6500: 3400
Silver Long (30 Nov)Intraday
Silver Long (30 Nov)
RSI- 72
Buy at CMP- 63250 or at 63100
SL- 62740
Target- 63830, 64200
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Crude Oil (MCX): Wednesday - 30/11/22CrudeOil is Range bound. Why? See the OI Data:
CMP: 6520.
From 6600 to 7000 -> 16K Call writings.
In 6500: 3.2K Put
In 6400: 3.1L Put
Now Technical Levels:
Support: 6400, 6325, 6200
Resistance: 6550, 6675, 6750, 6875.
Long Trade only above: 6600 (if sustains above for 15m)
Short only below: 6325.
Crude Oil (MCX): Tuesday - 29/11/22Major Supports: 6415, 6350, 6080
Major Resistance: 6550, 6700, 6760
OI Data:
There are huge call writing for Dec-15 expiry:
6500: 3.3K
6600: 2.2K
6700: 2.2K
6800: 2K
So from 6500 to 6800, there are 10K calls writing happens for Dec expiry.
And Put? - 6400 is the major support of 2K Puts.
High resistance it's going to face. Sell on rise strategy.
Gold Short (28 Nov)Intraday
Gold Short (28 Nov)
RSI-32
Sell at CMP- 52370
SL- 52558
Target- 52150
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Silver Short (28 Nov)Intraday
Silver Short (28 Nov)
RSI- 47
Sell at CMP- 61650
SL- 62070
Target- 61185, 60920
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Crude Long (25 Nov)Crude Long (25 Nov)
RSI- 35
Buy at CMP- 6450
SL- 6405
Target- 6552, 6605
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Crude Oil (MCX): Thursday - 24/11/22Levels:
Support: 6350, 6200
Resistance: 6500, 6700, 6850
As per OI Data, the max Call & Put writings are seen in 6500 (3800 and 1700). So, 6500 is the crutial level.
Trade plan:
Once price test higher level in between 6440/6470/6550, we can just wait to short with a SL of 6550.
Around 6250/6200 level we can try some longs. But overall bearish.
Silver Short (23 Nov)Intraday
Silver Short (23 Nov)
RSI- 47
Sell at CMP- 61450
SL- 61690
Target- 60850
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Natural Gas Looking Bullish Above 602Natural Gas Looking Bullish Above 602 can touch 610-620-640 respectively
Crude Oil (MCX): Tuesday - 22/11/22In Daily chart it is creating a M pattern, tested the low of M as in 6200 in today's session. and Nice bounce from there.
Now it's consolidating aorund 6600 level after a sharp move.
If 6600 level can be behold, buy 6600 Call with the SL of 6550 for a target of 6750/6900 in coming sessions (a day or two).
If it can not hold 6600, buy 6600 Put with SL of 6650, target: 6350/6225.
SMC Trading MCX CopperMCX Copper Sell 705.10 SL 707.50 & Other Sell(One Hour OB) 709.70 SL 714 TP 700,697,693,686,672
Crude Oil (MCX): Tuesday - 08/11/221. Clear uptrend with good momentum buildup.
2. Buy on dips.
3. 7500 strikes (16th Nov) has max OI (~5k) - call + put
4. 7600 strikes (16th Nov) has next OI (2800) - call + put.
5. So it is quite expected to stay range bound (7450-7650).
