CRUDE OIL MCX - OCTOBER 2nd Week Plan

Zaktualizowano
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.
Uwaga
Double top in past supported as a resistance level

Daily Chart
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May dip till 6750-6800 Levels

Waiting for a reversal confirmation for directional trade

No trading recommendation

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

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3 days side ways

Now tunnel expansion on 5 min time frame

Also, Took strong support near 7100


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

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Uwaga
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Zlecenie aktywne
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Transakcja zamknięta: osiągnięto wyznaczony cel
Had a high volatility

Made high 7372 on 16th Oct 2023
Chart PatternsWave Analysis

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