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CRUDE OIL FUTURES: LONG FOR SHORT TERM

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MCX:CRUDEOIL1!   Crude Oil Futures
Hello,

Welcome to the quick update on CRUDE OIL FUTURES. It is currently trading at Rs 6430. After making a rally, it is currently retesting the last support.

We can see that it has taken support from Rs 6314 and it is acting as a strong support. We can take a long position in this future with a target of 6487, 6571, and 6715 for the short term and a long-term target of Rs 7039 to 7719.

ENTRY: 6381 to 6410
TARGETS: 6487, 6571, 6715, 7039, 7719
STOPLOSS: 6300

This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits.
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