MCX Crude Oil Futures – Intraday Analysis 7th Oct., 25

CRUDEOIL1!

Crude Oil is trading at 5,489 after a choppy, range-bound session, with price action coiling near both the long entry (5,494) and neutral zone (5,491) pivots—signaling a breakout or breakdown is due.

Bullish Scenario
Long Entry (5,494):

Initiate fresh longs above 5,494 as intraday swing highs get taken out, backing a push toward higher resistance.

Add more above 5,483 if dips are bought and the trend stays intact, confirming a base.

Upside Targets:

5,549 (Target 1): First mapped resistance and supply for partial profit booking.

5,585 (Target 2): Further extension zone if strong momentum develops.

Stop Loss:

Use just below 5,472 (short entry), or progressively trail as price advances for risk control.

Bearish Scenario
Short Entry (5,472):

Shorts are viable below 5,472, marking breakdown of support and the likelihood of a move back toward recent lows.

Downside Targets:

5,433 (Target 1): Bounce/support area and first logical exit for shorts.

5,397 (Target 2): Next mapped extension if heavy selloff appears.

Stop Loss:

Cover shorts if price retakes 5,494 to avoid whipsaws.

Structure & Neutral Logic
Neutral Zone (5,491):

Choppy, indecisive trading around this level—wait for a decisive move above 5,494 or below 5,472 for directional setups.

As long as price oscillates this band, expect more sideways action.