MCX Crude Oil (Mini) is currently trading around 8,188, experiencing a brief pullback after testing lower levels down to 8,157. A sustained breakout above 8,207 confirms bullish momentum on the intraday chart.
Key Technical Levels
Breakout Trigger: 8,207 (Immediate level to confirm upside extension)
Immediate Support Zone: 8,170 – 8,147
Major Base Support: 8,110
Bullish Upside Targets & Resistance Levels
If price holds above 8,207, expect sequential moves toward the following overhead resistance zones marked on your chart:
Level,Price Range,Technical Significance
Target 1,"8,247 – 8,269",Immediate minor resistance & previous swing highs
Target 2,"8,306 – 8,334",Strong supply zone & structural resistance
Target 3,"8,360",Key horizontal resistance line
Major Target,"8,412 – 8,441",Higher timeframe resistance block
Trading Plan Strategy
Bullish Setup: Look for a strong 15-minute candle close above 8,207 with volume support to confirm long entries towards 8,269 and 8,334.
Risk Management: Keep stop losses strictly below 8,147 or 8,110 depending on entry risk tolerance. Failure to stay above 8,170 could lead to consolidation before the next push.
Key Technical Levels
Breakout Trigger: 8,207 (Immediate level to confirm upside extension)
Immediate Support Zone: 8,170 – 8,147
Major Base Support: 8,110
Bullish Upside Targets & Resistance Levels
If price holds above 8,207, expect sequential moves toward the following overhead resistance zones marked on your chart:
Level,Price Range,Technical Significance
Target 1,"8,247 – 8,269",Immediate minor resistance & previous swing highs
Target 2,"8,306 – 8,334",Strong supply zone & structural resistance
Target 3,"8,360",Key horizontal resistance line
Major Target,"8,412 – 8,441",Higher timeframe resistance block
Trading Plan Strategy
Bullish Setup: Look for a strong 15-minute candle close above 8,207 with volume support to confirm long entries towards 8,269 and 8,334.
Risk Management: Keep stop losses strictly below 8,147 or 8,110 depending on entry risk tolerance. Failure to stay above 8,170 could lead to consolidation before the next push.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.