C

CRUDEOIL-I.MCX

CRUDEOIL FEB FUT - 15 MINTS TIME FRAME

Commodities

Short-term

1 month ago

Crude Oil Futures (MCX) on the 15-minute timeframe are currently trading below the 5725 pivot, indicating short-term weakness after facing rejection near the 5790 resistance zone. The structure suggests a range-to-bearish bias unless price sustains above 5725–5790. Immediate support is placed at 5640, followed by 5510 on a deeper correction. Traders may look for selling opportunities on rise toward 5725–5790 with strict stop losses above 5860, while fresh long positions are advisable only on a decisive breakout and sustainment above 5790–5860 levels with strong momentum confirmation.

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Posted by

GOPIND MANIKANDAN

Moderator

1 month ago

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