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...
Supports: 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.
Levels: 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...
Supports: 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...
Supports: 6500, 6325 Resistance: 6680, 6750 15th Dec Expiry OI Data Point: Major Call writing are in: 6800 : 2K 7000: 6.5K 7100: 2K Major Put writings are in: 6600: 1680 6500: 3400
Crudeoil is Bullish In short term it shows trendline brake out Bullish Divergence in Both RSI & MACD
WTI has been forming a flat A-B-C correction. According to Elliott's wave projection, the oil future looks bearish. Oil Future has accomplished wave A at 193.17 , and sub-wave (c) of wave ((B)) is creating an ending diagonal. The ending diagonal is a formation of five waves. WTI is to occur in wave 5 of an ending diagonal. If you are a safe trader, you can...
crude long POLE & FLAG breakout ...analysis learning purpose Sellers swing break after consolidation seems writers not interested to sell crude now so hopefully could be breakout
CrudeOil is Range bound. Why? See the OI Data: CMP: 6520. From 6600 to 7000 -> 16K Call writings. In 6500: 3.2K Put In 6400: 3.1L Put Now Technical Levels: Support: 6400, 6325, 6200 Resistance: 6550, 6675, 6750, 6875. Long Trade only above: 6600 (if sustains above for 15m) Short only below: 6325.
Crude Oil Last 2 days Trading on sideways down side now breakout happen expect upside towards 6650 soon intraday Resistance 6605
Major Supports: 6415, 6350, 6080 Major Resistance: 6550, 6700, 6760 OI Data: There are huge call writing for Dec-15 expiry: 6500: 3.3K 6600: 2.2K 6700: 2.2K 6800: 2K So from 6500 to 6800, there are 10K calls writing happens for Dec expiry. And Put? - 6400 is the major support of 2K Puts. High resistance it's going to face. Sell on rise strategy.
Alert and Caution: Crude oil broke its low level 6240 (INR) .. heading to reach low 4700 (INR) levels before 26th Dec 2022. Indicating recession phase started in sluggish Industrial and Manufacturing sectors,,, Indicating No demand for New Products due to Global Inflation impact. All global markets will follow downward move along with Crude Oil fall till end of...
LL Bearish pa Previous support act as resistance M pattern breakout
Crude Long (25 Nov) RSI- 35 Buy at CMP- 6450 SL- 6405 Target- 6552, 6605 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
crude oil levels for 14 march 2022 for learning and education purpose only
24/11/2022 Crudeoil Sell Below@6340 StopLoss @6380 Target @6285-6200 Option trade BUY ATM PE f0r 30-50point
Levels: Support: 6350, 6200 Resistance: 6500, 6700, 6850 As per OI Data, the max Call & Put writings are seen in 6500 (3800 and 1700). So, 6500 is the crutial level. Trade plan: Once price test higher level in between 6440/6470/6550, we can just wait to short with a SL of 6550. Around 6250/6200 level we can try some longs. But overall bearish.
MCX Evening Session Crude Oil level. Supports: 6350, 6200 Resistances: 6700, 6850, 7100. Overall it's range bound. From OI perspective (15th Dec Expiry): 1. Max Call writings (Resistance) are in 6700 (2882 contracts). 2. Max Put writings (Support): 6500 (1850)