MCX Crude Oil Trend - Support and Resistance Levels


Overall MCX Crude Oil Trend for today, tomorrow, current & next week and month

Last Update: 21/02/24

Trend

Signal

Intraday

Down Trend

Short Term

Down Trend

Long Term

Up Trend

Below crude oil price future trend support, resistance and technical levels charts are updated between 9.15 to 9.30 am daily. You can make use of the below charts and price levels to make your own trading decisions. Weekly & Monthly support resistance levels are significant market turnaround reversal or breakout levels to look out for. We master in reversal and break out analysis. The daily, weekly, monthly support and resistance plotted below can be used for either exit-entry or entry-exit. These forecast are valid from intraday to short term to long term.

MCX Crude Oil Trend Today


MCX crude oil is currently in Down Trend for intraday. The below intraday analysis & price levels are calculated using commodityquant's advance pivot point formula and valid only for today's session on a 5-15 minute chart.

Crude Trend Chart

MCX Crude Oil Trend

Intraday Crude Oil Tips & Target for Today, MCX, India

Signal

Entry

Stop Loss

Target 1

Target 2

Target 3

Buy above

6472.55

6416.78

6500.44

6534.89

6590.67

Sell below

6416.78

6472.55

6388.89

6345.24

6298.67

We also expect the commodity crude oil futures to react on the below support and resistance levels for today.

Intraday Crude Oil Resistance Levels

Daily Resistance R1

Daily Resistance R2

Daily Resistance R3

6511.33

6590.67

6657.33

Intraday Crude Oil Support Levels

Daily Support S1

Daily Support S2

Daily Support S3

6365.33

6298.67

6219.33

Earnometer Crude Oil


Below earnometer crude oil power levels & charts are based on a simple but most powerful concept, if the price breaks the yesterday, two days before or three days before high or low, it will most likely continue in the direction of the breakout. Below levels acts as powerful support & resistances as well, either breakout or reversal can happen on these levels. Kindly make use of the below charts to make your own trading decisions.

Earnometer Crude Oil Levels

Price

Three Days Before High

6583.00

Two Days Before High

6532.00

Yesterdays High

6524.00

Pivot

6444.67

Yesterdays Low

6378.00

Two Days Before Low

6450.00

Three Days Before High

6415.00

Earnometer Crude Oil Update:

Earnometer Crude Oil

Today's Crude Oil Intraday levels



​​​​Resistance Range

Price Levels

5MH

Five Month before High

7884.00

4MH

Four Month before High

7528.00

3MH

Three Month before High

6964.00

2MH

Two Month before High

6409.00

LMH

One Month before High

6529.00

CMH

Current Month High

6583.00

4WH

Four Week before High

6391.00

3WH

Three Week before High

6529.00

2WH

Two Week before High

6414.00

1WH

One Week before High

6583.00

CWH

Current Week High

6532.00

PDH

Yesterdays High

6524.00


​​​​Support Range

​​​Price Levels

5ML

Five Month before Low

6910.00

4ML

Four Month before Low

6770.00

3ML

Three Month before Low

6000.00

2ML

Two Month before Low

5658.00

1ML

One Month before Low

5796.00

CML

Current Month Low

5952.00

4WL

Four Week before Low

6110.00

3WL

Three Week before Low

5979.00

2WL

Two Week before Low

5952.00

1WL

One Week before Low

6276.00

CWL

Current Week Low

6378.00

PDL

Yesterdays Low

6378.00

Short Term Crude Trend


According to quant's technical analysis mcx crude oil is currently in Down Trend for short term. The below analysis & forecasts is valid for tomorrow & current week.

Short Term Crude Trend

Short Term Crude oil Buy or Sell Tips

Signal

Entry

Stop Loss

Target 1

Target 2

Target 3

Buy above

6525.64

6408.36

6584.27

6656.73

6774.00

Sell below

6408.36

6525.64

6349.73

6257.93

6160.00

We also anticipate the commodity crude oil futures to respond on the below support and resistance levels for this week.

Short Term Crude Oil Resistance Levels

Weekly Resistance R1

Weekly Resistance R2

Weekly Resistance R3

6658.00

6774.00

6965.00

Short Term Crude Oil Support Levels

Weekly Support S1

Weekly Support S2

Weekly Support S3

6351.00

6160.00

6044.00

Long Term Crude Oil Price Trend


Long Term Trend - Crude Oil is currently in Up Trend for long term. The above forecast is valid for the current month.

MCX Crude Oil Long Term Price Trend

Crude Oil Price Long Term MCX Tips

Signal

Entry

Stop Loss

Target 1

Target 2

Target 3

Buy above

6351.00

6071.00

6491.01

6663.99

6944.00

Sell below

6071.00

6351.00

5930.99

5711.83

5478.00

In addition, we expect the commodity crude oil futures to respond on the following resistance and support levels for this particular month.

Long Term Crude Oil Resistance Levels

Monthly Resistance R1

Monthly Resistance R2

Monthly Resistance R3

6626.00

6944.00

7359.00

Long Term Crude Oil Support Levels

Monthly Support S1

Monthly Support S2

Monthly Support S3

5893.00

5478.00

5160.00

Crude Oil Support and Resistance Levels Today


Pivot Point

Classic

​​​​Fibonacci

Woo​die

​Camarilla

Resistance 4 (R4)



6777.50

6512.30

Resistance 3 (R3)

6657.33

6590.67

6631.50

6472.15

Resistance 2 (R2)

6590.67

6534.89

6577.75

6458.77

Resistance 1 (R1)

6511.33

6500.44

6485.50

6445.38

Pivot Point

6444.67

6444.67

6431.75

6444.67

Support 1 (S1)

6365.33

6388.89

6339.50

6418.62

Support 2 (S2)

6298.67

6354.44

6285.75

6405.23

Support 3 (S3)

6219.33

6298.67

6193.50

6391.85

Support 4 (S4)



6047.50

6351.70

Crude Oil Pivot Point Levels - Weekly Support & Resistance


Pivot Point

Classic

​​​​Fibonacci

Woo​die

​Camarilla

Weekly R4



7275.50

6710.85

Weekly R3

6965.00

6774.00

6968.50

6626.42

Weekly R2

6774.00

6656.73

6775.75

6598.28

Weekly R1

6658.00

6584.27

6661.50

6570.14

Weekly Pivot Point

6467.00

6467.00

6468.75

6467.00

Weekly S1

6351.00

6349.73

6354.50

6513.86

Weekly S2

6160.00

6277.27

6161.75

6485.72

Weekly S3

6044.00

6160.00

6047.50

6457.58

Weekly S4



5740.50

6373.15

Crude Oil Pivot Point Levels - Monthly Support & Resistance


Pivot Point

Classic

​​​​Fibonacci

Woo​die

​Camarilla

Monthly R4



8157.50

6711.15

Monthly R3

7359.00

6944.00

7424.50

6509.58

Monthly R2

6944.00

6663.99

6976.75

6442.38

Monthly R1

6626.00

6491.01

6691.50

6375.19

Monthly Pivot Point

6211.00

6211.00

6243.75

6211.00

Monthly S1

5893.00

5930.99

5958.50

6240.81

Monthly S2

5478.00

5758.01

5510.75

6173.62

Monthly S3

5160.00

5478.00

5225.50

6106.42

Monthly S4



4492.50

5904.85

Get the powerful support and resistance MCX Trend analysis of the 16 major commodities listed on the multi-commodity exchange of India. Technical trend analysis of crude oil is done every day and updated between 9.15 to 9.30 am on daily basis.