Crude Oil (MCX): Wednesday - 28/12/22Supports: 6530, 6420, 6320 Resistances: 6700, 6850 OI Data: Major Resistances (Call writings): 6600, 7000 Major Supports (Put writings): 6500, 6400 It's going to be rangebound: 6500 to 6650 range. Buy around 6500, sell around 6650. Longby pradipandsuvra1
Crudeoil reversal zones 28-12-2022Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. (Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). If any doubt for take entry in price action patterns, please ask in comment box, i will try to help. Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk.by Elango-ragavan0
Crude Oil (MCX): Tuesday - 27/12/22Supports: 6520, 6420, 6320 Resistances: 6700, 6850, 6950 Per OI Data: Supports: 6500 (3K Puts) Resistances: 6600, 7000 Overall Trend: Positive. Longby pradipandsuvra0
Crudeoil Reversal zones for 26 Dec 2022Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. (Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone). If any doubt for take entry in price action patterns, please ask in comment box, i will try to help. Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk.by Elango-ragavanUpdated 1
Crude oil Important Level's Support levels - 6400, 6210, 5855. Resistance Levels - 6850, 7166, 7589.by TradingTitans99991
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 +++++++++++++++++++++++++++++++++++++++++ Longby pradipandsuvra0
Crude Oil (MCX): Monday - 19/12/22Support: 6100, 6000, 5850, 5800 Resistance: 6300, 6450-6500 Per OI Data: Support: 6000 Resistance: 6300, 6500 Mostly rangebound: 6000-6500 by pradipandsuvra0
CRUDE IS NEAR SUPPORT LEVEL TRENDLINE OF MARCH 2020/22MCX:CRUDEOIL1! Key support level 5669/5733 will act as support for crude oil Key resistance level of 6431/6800 wil act as upside hurdle for crudeoilby TimeIsManni1
Crude OilCrude oil likely to go higher from strong support levels. MCX:CRUDEOIL1!Longby FreeStockologyUpdated 2
Crude Oil (MCX): Monday - 12/12/22Supports: 5900, 5800, 5700 Resistance: 6050, 6150, 6275 Max OI: Call side: 6000 & 6500 Put side: 6000 Trend is downtrend only. 6000 is the most crucial level as 10K+ OI (Call + Put) is sitting there.Shortby pradipandsuvra663
Bullish Butterfly in crudeoil 12-7-2022It is Bullish Buttrfly pattern seen crudeoil daily tf can give good reversal from 5906 zone marked in the chart. Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. If you follow diagonal trendlines you can take entry and exit easily. (Color code for horizontal lines: Green - Buy, Blue - targets, Red - SL). If any doubt for take entry in price action patterns, please ask in comment box, i will try to help. Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk.Longby Elango-ragavanUpdated 447
Crudeoil Analysis on Daily Chart (Expecting Downside)As per my analysis, I have seen that crudeoil is travelling between this parallel channel from a long time and respecting the levels. I am expecting more downside in the upcoming days in case bottom blueline will be break, please comment below your views about this analysis. If you have any query, please feel free to post in comment section. Disclaimer : Information provided here meant for study/education purposes only & should not intended to as a trading/investing advice.Shortby MarkitVUE0
Crude Oil (MCX): Friday - 09/12/22Supports: 5900, 5800 Resistance: 6030, 6120, 6275, 6350 OI Data: Max Resistance per OI data: 6200, 6500 Max Support per OI data: Still 6000 has max PUT View: Bearish Shortby pradipandsuvra0
short crude oil small sl good reward short crude oil small sl good reward analysys shared educational purpose Shortby shirkehanmant77Updated 221
Crude oil IN Range Bound Crude oil is currently trading in a range between 6000 and 6100. If it crosses that threshold, it will reach 6200, 6300, or 6500. If it drops the 6000 barriers and holds it, it will hit 5800-5700 -5500 in the coming days.by FutureRiderUpdated 1
Multiple Bearish Pattern Confluence in CrudeOil Chart (Daily) Dotted green line: A pennant broken in downside Blue line: Head and Shoulder Pattern Purple line: M pattern (double top which is coinciding with down trendline). Shortby pradipandsuvra0
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. by pradipandsuvra0
#Crude under pressure #Inverted cup & HolderThe latest EIA data showed crude stocks fell by 5.187 million barrels last week, while analysts expected a 3.305 million drop. Still, fears about a potential global recession-driven demand downturn continued to hang over the market. On the supply front, OPEC+ decided to stick to their existing policy of reducing oil output by 2 million barrels a day from November through 2023. Investors were also assessing the impact of the latest sanctions on Russia, including a price cap and a European Union embargo on seaborne imports of Russian oil. Technically, Crude can witness level of 5400Shortby CA_Chetanbhasin5
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) Shortby pradipandsuvra0
Crude oil possibilities.Looks like crude oil is in complex correction which has crossed 100% and might touch 1.27 (5914) or 1.382 (5593) level and reverse.. Possibilities: 1. It might take support at 5854 level which is 0.786 retracement level from recent low-high 2. It might take a support at lower trend line which is coinciding with 1.27 level. If sharp move from 5914 or 5593level then it might make to another ATH This is just my view please make your own analisys and trade safeLongby harish2104gowda0
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. Shortby pradipandsuvra0
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. by pradipandsuvra1
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 by pradipandsuvra0