Crude Oil MCX Future Weekly Analysis for 05-09 Feb., 2024

2024年2月3日

📊 Trading Marcos' Weekly Analysis - Crude Oil MCX Feb Future 📈

CRUDE OIL 17 FEB FUT LEVELS 🛢️ Weekly Range - 550

Analysis:
The weekly analysis for Crude Oil MCX Future suggests a favorable trading setup:

Buy Levels:
Buy at 6318.9 🎯 Target 1 - 6369.9 🎯 Target 2 - 6580
Average Position: 6254 📈
Buyer Stoploss: 6135.57 🛑

Sell Levels:
Sell at 6189.1 🎯 Target 1 - 5690.1 🎯 Target 2 - 5480
Seller Stoploss: 6372.43 🛑

Master Tip: Avoid Selling on 5 Feb., or wait for a candle closed below 5980 and sustain for 1 hour at-least for a jackpot trade of 500 points.

Key Points:

The Buy Targets indicate potential upward movements, providing profit-taking opportunities.
Average Position at 6254 suggests a strategic approach for risk management.
Buyer Stoploss at 6135.57 helps protect against adverse market conditions during a buying position.

The Sell Targets offer options for short positions, anticipating potential market corrections.
Seller Stoploss at 6372.43 acts as a safety net for sellers, preventing substantial losses.
Disclaimer: Trading involves risks, and decisions should be made based on personal analysis and risk tolerance. Always use appropriate risk management strategies. 🚀

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