Crude Oil Futures
CRUDEOIL1! trade ideas
Crude Oil (MCX): Monday - 27/02/23Levels:
Support: 6320, 6290, 6220, 6150, 6072, 6000
Resistance: 6400, 6430, 6500, 6620
OI Data (16th Mar Expiry):
Nearest Major Resistance per OI data: 6500
Nearest Major Support per IO data: 6200
Trade setup:
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Trade | Level | SL | T1 | T2
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BUY | > 6375 | 6320 | 6430 | 6500
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SELL | < 6280 | 6230 | 6320 |6280
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Crudeoil reversal zonesNote: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles).
(Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). Please understand that market can break all the support and resistance anytime. If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk. #crudeoil
Crude Oil (MCX): Monday - 20/02/23Levels:
Support: 6200, 6160, 6070, 6020
Resistance: 6280, 6320, 6340, 6360, 6400
OI Data (16th Mar Expiry):
Nearest Major Resistance per OI data: 6500
Nearest Major Support per IO data: 6400 *surprising*
Trade setup:
+++++++++++++++++++++++++++++++++++++++++
Trade | Level | SL | T1 | T2
-----------------------------------------
BUY | > 6430 | 6375 | 6500 | 6575
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SELL | < 6200 | 6250 | 6150 |6070
+++++++++++++++++++++++++++++++++++++++++
Crudeoil reversal zones 17-2-2023Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles).
(Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). Please understand that market can break all the support and resistance anytime. If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk. #crudeoil
Crudeoil reversal zonesNote: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles).
(Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). Please understand that market can break all the support and resistance anytime. If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk. #crudeoil
Crudeoil reversal zones 13-2-2023Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles).
(Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). Please understand that market can break all the support and resistance anytime. If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk. #crudeoil
Crude Oil (MCX): Monday - 13/02/23Levels:
Support: 6500, 6460, 6375, 6335, 6300
Resistance: 6620, 6700
OI Data (15th Feb Expiry):
Nearest Major Resistance in Crude per OI data: 6600
Nearest Major Support in Crude per IO data: 6400
Trade setup:
+++++++++++++++++++++++++++++++++++++++++
Trade | Level | SL | T1 | T2
-----------------------------------------
BUY | > 6620 | 6550 | 6660 | 6700
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SELL | < 6500 | 6550 | 6450 |6400
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