InvestyourAsset

CrudeOil Important Levels to watch !!

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MCX:CRUDEOIL1!   Crude Oil Futures
CrudeOil important levels to watch are as follows

#Support: 7190

Sell below: 7190 only on 15 minute candle closure below the level.
Target 1: 7100
Target 2: 6970




#Resistance: 7300

Buy Above: 7300 only on 15 minute candle closure Above the level.
Target 1: 7370
Target 2: 7480



#Demand Zone: 7060-7090 may act as a immediate buying zone, and price may bounce from the region marked in green on the chart.




#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.

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Wait for 15 minutes candle to break, entries only on candle closing.
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finally managed to break previous day High, boosting positive sentiment.

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