CRUDE OIL - INTRADAY ANALYSIS 27/04/21

Crude Oil Futures (MCX:CRUDEOILK2021)

Diupdate

MCX:CRUDEOILK2021 Crude Oil Futures

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LEVELS are marked in the chart , These are the strong support and resistance in the upcoming market.
Double bottom in 30 mins timeframe
And as per the chart pattern the market has moved up.
Now it has hit the strong resistance at 4691, and its time for a reversal which is a
down rally.
We also need to check the inventory release for tmrw and involve in positionfor intraday
its a sell now and can expect the target as 4653

Trading ditutup: target tercapai:

As given sell made at 4691 has reached the 1st target 4678 and 2nd target 2 4653
Profit made at 1st target : 1300Rs/- per lot
Profit made at 2nd target : 2500Rs/- per lot
Total Profit : 3800Rs/- per lot

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