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Mcxcrudeoil

Crudeoil Important levels to watch. Crudeoil important levels to watch are as follows #Support: 6810 Sell below: 6810 only on 15 minute candle closure below the level. Target 1: 6740 Target 2: 6670 #Resistance: 6890 Buy Above: only on 15 minute candle closure Above the level. Target 1: 6950 Target 2: 7030 #Demand Zone: 6810-6820 may act as a immediate buying zone, and price may bounce from the region marked in green on the chart. #Supply Zone: 6870-6890 may act as an immediate selling zone, and price may reject from the region marked in red on the chart. #Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
MCX:CRUDEOIL1!
by InvestyourAsset
MCX Crude Oil: Will it Drop Below 5000 Before the Weekend?MCX Crude Oil: Will it Drop Below 5000 Before the Weekend? In the wake of the COVID-19 pandemic, crude oil prices experienced significant volatility, hitting a low of 795 and reaching a peak of 9996 on March 8, 2022 . Currently, the price is undergoing a retracement, approaching the key level of 50% . Following the peak, crude oil prices began to decline, forming a parallel channel pattern. The price has been trading below this channel for over a year. Based on moving averages data, crude oil is expected to reach the support level of 5396, which is currently acting as a strong support zone. A potential reversal may occur around the "control price line" from the 0.5 level of the Fibonacci retracement. If crude oil breaks the key retracement level and consistently closes below it, the following target levels may come into play: 5200 - 5000 - 4700.
MCX:CRUDEOIL1!
by freestocktips
1
Crude Oil (MCX): Monday - 20/02/23Levels: Support: 5500, 5450, 5350 Resistance: 5500-5575, 5625, 5700, 5750 OI Data (17th April Expiry): Nearest Major Resistance per OI data: 5700 Nearest Major Support per IO data: 5500 Trade setup: +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 5600 | 5560 | 5650 | 5700 ----------------------------------------- SELL | < 5500 | 5550 | 5450 | 5400 +++++++++++++++++++++++++++++++++++++++++
MCX:CRUDEOIL1!Short
by pradipandsuvra
Crude Oil (MCX): Monday - 13/03/23Levels: Support: 6280, 6200, 6150, 6070, 6000 Resistance: 6325, 6400, 6430 OI Data (16th Mar Expiry): Nearest Major Resistance per OI data: 6400 Nearest Major Support per IO data: 6200 Trade setup: +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 6325 | 6290 | 6350 | 6400 ----------------------------------------- SELL | < 6250 | 6300 | 6200 |6150 +++++++++++++++++++++++++++++++++++++++++
MCX:CRUDEOIL1!Short
by pradipandsuvra
Crude Oil (MCX): Tuesday - 07/02/23Levels: Support: 6250, 6175, 6075 Resistance: 6300, 6400 OI Data (15th Feb Expiry): Nearest Major Resistance in Crude per OI data: 6500 Nearest Major Support in Crude per IO data: 6200 Trade setup: +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 6300 | 6250 | 6350 | 6400 ----------------------------------------- SELL | < 6200 | 6250 | 6100 |6050 +++++++++++++++++++++++++++++++++++++++++
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 - 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.
MCX:CRUDEOIL1!
by pradipandsuvra