Crude Oil (MCX): Wednesday - 26/10/22Levels:
Support: 7000, 6900, 6775
Resistance: 7100, 7150, 7220, 7275
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: 7000
Nearest Major Support in Crude per IO data: 7000
(These 7000 levels seem very important from crude, it has total 3600 OI across Call & Puts, 25% addition y'day)
Trade setup:
1. Today (26/10/2022, Wedesday) MCX is open in the evening slot (5:00 PM to 11:30 PM)
2. Crude is range-bound since last 3 trading sessions. Range is: 6900-7200.
