be_you_akshay

CRUDE OIL MCX - OCTOBER 2nd Week Plan

Largo
be_you_akshay Actualizado   
MCX:CRUDEOIL1!   Crude Oil Futures
Time frame for study - 4 hr

Conclusion -

-- Continuous two Uptrend seen in crude till 7990 level
-- A correction wave of A,B,C seen till 6970 to 7010 levels for B wave
-- For C wave if any support taken near 6970 - 7010 then immediate target can be 7367 with some ups and down

This chart is only for educational purpose. Do your own study before taking any trades.
Comentarios:
Double top in past supported as a resistance level

Daily Chart
Comentarios:
May dip till 6750-6800 Levels

Waiting for a reversal confirmation for directional trade

No trading recommendation

Comentarios:
Expected Move
Comentarios:
War effect Crude jumped 4% up - 7166
Comentarios:
Most Likely to go up from this consolidation level

Comentarios:
Comentarios:
3 days side ways

Now tunnel expansion on 5 min time frame

Also, Took strong support near 7100


Comentarios:
Hammer shown in green arrow and had a smooth move
Comentarios:
Target Open

Comentarios:
Operación activa:
Operación cerrada: objetivo alcanzado:
Had a high volatility

Made high 7372 on 16th Oct 2023

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