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Mcxcrude

Crude Oil (MCX): Thursday - 08/12/22Chart: Logic: Levels: Support: 6420, 6300, 6250, 6175, 6075 Resistance: 6500, 6550 OI Data (15th Feb Expiry): Nearest Major Resistance in Crude per OI data: 6500 Nearest Major Support in Crude per IO data: 6400 (shifted from 6200 y'day) Trade setup: +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 6500 | 6450 | 6560 | 6600 ----------------------------------------- SELL | < 6380 | 6420 | 6300 |6250 +++++++++++++++++++++++++++++++++++++++++
MCX:CRUDEOIL1!
by pradipandsuvra
Crude Oil (MCX): Monday - 06/02/23Levels: Support: 6350, 6300, 6200 Resistance: 6450, 6500, 6650 OI Data (15th Feb Expiry): Nearest Major Resistance in Crude per OI data: 6500 Nearest Major Support in Crude per IO data: 6300, 6200 Trade setup: +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 6500 | 6400 | 6600| 6700 ----------------------------------------- SELL | < 6400 | 6450 | 6300 |6200 +++++++++++++++++++++++++++++++++++++++++
MCX:CRUDEOIL1!
by pradipandsuvra
Crude Oil (MCX): Monday - 26/12/22Levels: Support: 6600-6650, 6500, 6475, 6375 Resistance: 6775, 6850, 7000 OI Data (17th Jan Expiry): Nearest Major Resistance in Crude per OI data: 6500 Nearest Major Support in Crude per IO data: 6500 Trade setup: Trade setup: 1. Looking at the OI data, most crutial range is: 6500 +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 6700 | 6650 | 6775| 6825 ----------------------------------------- SELL | < 6600 | 6650 | 6550 |6500 +++++++++++++++++++++++++++++++++++++++++
MCX:CRUDEOIL1!Long
by pradipandsuvra
Crude Oil (MCX): Tuesday - 01/11/22Levels: Support: 7250, 7180, 7130, 7000 Resistance: 7250-7275, 7300, 7400. OI Data (16th Nov Expiry): Highest OI Call in Crude per OI data: 7500 Highest OI Put in Crude per IO data: 6500 Nearest Major Resistance in Crude per OI data: 7300 (the CMP) Nearest Major Support in Crude per IO data: 7000 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). 3. Crude is negotiating 7300 today. Above 7300, it will reach first 7330, then 7400 level. 4. The solid support is at 7000 level. Trade: 1. Once 7300 is broken and a N pattern is created (i.e. 7300 is retested and hold), try with a 7400 CE (16th Nov expiry) 2. Around 7400 if resistance faced and retested (i.e. price unable to sustain above 7400), book the CE and try with a 7300 PE (16th Nov expiry) Note: both of these are naked Commodity Options, so inherently risky (riskier than Bank Nifty)
MCX:CRUDEOIL1!Long
by pradipandsuvra
Crude Oil (MCX): Monday - 24/10/22This is done using the multi-timeframe, multi-period technique we were discussing last Friday’s call. Chart: Analysis: Levels: Support: 7000, 6900, 6750 Resistance: 7080, 7150, 7220 OI Data: Highest OI Call in Crude per OI data: 7500 Highest OI Put in Crude per IO data: 6500 Nearest Major Resistance in Crude per OI data: 7200 Nearest Major Support in Crude per IO data: 7000/6900 Trade setup: 1. Today MCX is open in the evening slot (5:00 PM to 11:30 PM) 2. Upto Daily timeframe Crude is sideways. The William Alligator is sleeping, so you should also sleep. Trading range: 6900-7200 for today. 3. So ideally you can do scalping. Any directional trade to be taken only above 6900-7200 breakdown/breakout.
MCX:CRUDEOIL1!
by pradipandsuvra