view on Crude oil MCX futurescrude oil retesting its trendline resistance in weekly timeframe, now crude needs to sustain above 6300-6250 to resume upside target of 7000-7300+. Otherwise, downside targets of 5900 -5600 will be open.
Contract highlights
Option Trading with Option ChainAn option chain is a detailed list of all available option contracts for a specific stock, including their strike prices and expiration dates.
Nifty option chain is considered to be the best advance warning system of sharp moves or break outs in the index.
buying crude from demand buying crude from demand zone . demand rejection on smaller time frame . for the target of gap fill on mcx charts and supply zone . sl below the zone .
Crude buy given near 6330 ,6515 Target hit then falling How to take trades using Harmonic pattern projection Trade setup is explained below :-
1st D point : 0% is recent top or bottom.
2nd D Point : 13.5% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 13.5% then early or risky traders can reversal
Natural gas avoid at current price buy above 292 sell below 280How to take trades using Harmonic pattern projection Trade setup is explained below :-
1st D point : 0% is recent top or bottom.
2nd D Point : 13.5% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 13.5% then early or risky traders can reversal
Crude avoid any fresh sell trade bounce possible How to take trades using Harmonic pattern projection Trade setup is explained below :-
To take Fresh trade : EARLY etry willl be above/ below 13.5% level . Safe traders can enter above or below 27.3% level
Targets :
Target T1 is 27.3% if you are taken entry from 13.5% if taken entry from 27.3
US tarrif imposed is positive for Crude buy on dipHow to take trades using Harmonic pattern projection Trade setup is explained below :-
1st D point : 0% is recent top or bottom.
2nd D Point : 13.5% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 13.5% then early or risky traders can reversal
Amazing Trade in Crude Sold from the top . gap fill in MCX chart and perfect target hit of demand Zone .
Crude Zone to Zone done .
Option Trading with Option chainOption chains provide specific data related to options contracts, including strike prices, expiration dates, implied volatility, and open interest. Traders use this data to construct options strategies, manage risk, and profit from price movements in the underlying asset.
Top options trading strate
Cryde buy on dip until 6200 not break upside Target on chartHow to take trades using Harmonic pattern projection Trade setup is explained below :-
To take Fresh trade : EARLY etry willl be above/ below 13.5% level . Safe traders can enter above or below 27.3% level
Targets :
Target T1 is 27.3% if you are taken entry from 13.5% if taken entry from 27.3
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Frequently Asked Questions
The nearest expiration date for Crude Oil Futures (Feb 2025) is Jan 21, 2025.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Crude Oil Futures (Feb 2025) before Jan 21, 2025.