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MCL1! trade ideas

Crudeoil intraday levels for 14.11.2022Resistance level: 7180 Support level : 7103 ****Fib Retracement levels will act as the support or resistance**** If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles are consolidating in buy zone or sell zone, wait for the breakout If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart. If gap up or gap down opening, fib retracement levels will act as the support or resistance Note: Pls check my previous day idea for better understanding & how it works Please let me know in comment section if you have any queries and like the idea If you agree with the analysis. Disclaimer: Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
MCX:CRUDEOIL1!
by AATHIE
Crudeoil intraday levels for 10.11.2022Resistance level: 7094 Support level : 7038 ****Fib Retracement levels will act as the support or resistance**** If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles are consolidating in buy zone or sell zone, wait for the breakout If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart. If gap up or gap down opening, fib retracement levels will act as the support or resistance Note: Pls check my previous day idea for better understanding & how it works Please let me know in comment section if you have any queries and like the idea If you agree with the analysis. Disclaimer: Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
MCX:CRUDEOIL1!
by AATHIE
Crudeoil intraday levels for 09.11.2022Resistance level: 7443 Support level : 7335 ****Fib Retracement levels will act as the support or resistance**** If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles are consolidating in buy zone or sell zone, wait for the breakout If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart. If gap up or gap down opening, fib retracement levels will act as the support or resistance Note: Pls check my previous day idea for better understanding & how it works Please let me know in comment section if you have any queries and like the idea If you agree with the analysis. Disclaimer: Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
MCX:CRUDEOIL1!
by AATHIE
Crude Oil (MCX): Tuesday - 01/11/22Levels: Support: 7250, 7180, 7130, 7000 Resistance: 7250-7275, 7300, 7400. 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: 7300 (the CMP) Nearest Major Support in Crude per IO data: 7000 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). 3. Crude is negotiating 7300 today. Above 7300, it will reach first 7330, then 7400 level. 4. The solid support is at 7000 level. Trade: 1. Once 7300 is broken and a N pattern is created (i.e. 7300 is retested and hold), try with a 7400 CE (16th Nov expiry) 2. Around 7400 if resistance faced and retested (i.e. price unable to sustain above 7400), book the CE and try with a 7300 PE (16th Nov expiry) Note: both of these are naked Commodity Options, so inherently risky (riskier than Bank Nifty)
MCX:CRUDEOIL1!Long
by pradipandsuvra
Crude Oil (MCX): Monday - 31/10/22Levels: Support: 7180-7160, 7120, 7000 (Solid Support, even in OI data) Resistance: 7250-7275, 7300, 7400. 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: 7300 Nearest Major Support in Crude per IO data: 7000 Trade setup: 1. Still by-and-large range-bound. However the range is shifted higher side. 2. New range: 7300-7000 (Price-Action data is matching with OI data) 3. Anyone wish to play hedge can go with a range-bound non-directional strategy of the following range. A. buy 7500 CE (Nov-16 expiry) : B. buy 6800 PE (Nov-16 expiry) : C. sell 7400 CE (Nov-16 expiry) D. sell 6900 PE (Nov-16 expiry) Net credit - (i.e. you need not to pay, rather earn different of premiums): 70 per lot. (Margin you have to check with broker) BEP (safe range): 7450-6850
MCX:CRUDEOIL1!
by pradipandsuvra
Crude Oil (MCX): Thursday - 27/10/22Levels: Support: 7180, 7120, 7120, 7020 Resistance: 7290-7300, 7360-7400. 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: 7300 (1370 OI with 16% addition y'day) Nearest Major Support in Crude per IO data: 7000 (2615 OI with 25% addition y'day) Trade setup: 1. Yesterday there is a very good breakout above 7180 level with high volume.Which is a bullish indication. 2. The next crutial level to watch for is: 7300 (7230-7290 is the zone). If it sustains above it, 7400 is in the card. 3. Anyone wish to play hedge can go with a range-bound non-directional strategy of the following range: A. buy 7500 CE (Nov-16 expiry) B. buy 6600 PE (Nov-16 expiry) C. sell 7400 CE (Nov-16 expiry) D. sell 6500 PE (Nov-16 expiry)
MCX:CRUDEOIL1!
by pradipandsuvra