CrudeOil Important Levels to watch
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Crudeoil important levels to watch are as follows
#Support: 6880
Sell below: 6880 only on 15 minute candle closure below the level.
Target 1: 6830
Target 2: 6795
#Resistance: 6960
Buy Above: 6960 only on 15 minute candle closure Above the level.
Target 1: 7020
Target 2: 7085
#Demand Zone: 6880-6910 may act as a 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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#Support: 6880
Sell below: 6880 only on 15 minute candle closure below the level.
Target 1: 6830
Target 2: 6795
#Resistance: 6960
Buy Above: 6960 only on 15 minute candle closure Above the level.
Target 1: 7020
Target 2: 7085
#Demand Zone: 6880-6910 may act as a 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.
Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
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Close to the demand Zone. lets see if it breaks or takes a bounce from hereNota
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keep your stoploss trailing.
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High made 6955 after bouncing back from demand zoneNota
price reached at support. lets see if it breaks or bounces back again.Nota
Still not able to breach any level.Nota
low made 6840 after break of support. 10 points away from target 1Nota
achieved target 1 and bounced back upwards as described in the idea description each target may act as an individual support and resistance.
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