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:
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Trade | Level | SL | T1 | T2
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BUY | > 6500 | 6450 | 6560 | 6600
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SELL | < 6380 | 6420 | 6300 |6250
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