MCX CRUDE: Showing Traces of a bounce bk RallyMCX CRUDE: Trading at around 5600 has given Golden EMA Cross over in 30Min chart .
Major Resistance lies at 5700 -5800.
Close above 5800 likely to trigger a rally towards 6400 whereas 5400 likely to act as the crucial support.
Drifting below its 5400 likely to test 5100 its June ,2025.My bias is pos
Contract highlights
Related commodities
Market Expectations Misfire as OPEC Plus Delivers a Smaller HikeOPEC+ surprised markets on 05/Oct (Sun) with a smaller-than-expected output hike, triggering a rebound in crude prices the following day. In contrast, WTI had trended lower the previous week amid expectations of a larger supply increase, rising U.S. inventories, and cautious sentiment.
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CRUDE OILPreferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas.
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OIL FALLPreferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas.
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CRUDE OILPreferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas.
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MCX Crude Oil Options (16th Oct Expiry)MCX Crude Oil Options (16th Oct Expiry)
Buy 5400 Call option only if price breaks above 188.60
Target: 208.60
Trade must activate tomorrow (6th Oct 2025), else the view is canceled.
Once activated, target remains valid till 15th Oct session.
📌 Disclaimer: This is a directional view, not a recomm
WTI(20251007)Today's AnalysisMarket News:
① The US September non-farm payroll report was not released as planned, the first time in 12 years.
② The US Secretary of Labor stated that the September employment data will be released immediately once the government reopens.
③ Fed Chair Goolsbee stated that the Chicago Fed estimated
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Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of Crude Oil Futures (Jun 2029) is 62.42 USD / BLL — it has fallen −0.48% in the past 24 hours. Watch Crude Oil Futures (Jun 2029) price in more detail on the chart.
Track more important stats on the Crude Oil Futures (Jun 2029) chart.
The nearest expiration date for Crude Oil Futures (Jun 2029) is May 22, 2029.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Crude Oil Futures (Jun 2029) before May 22, 2029.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Crude Oil Futures (Jun 2029) this number is 3.63 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Crude Oil Futures (Jun 2029) shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Crude Oil Futures (Jun 2029). Today its technical rating is strong sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Crude Oil Futures (Jun 2029) technicals for a more comprehensive analysis.