Crude Oil (MCX): Thursday - 24/11/22

Levels:

Support: 6350, 6200
Resistance: 6500, 6700, 6850

As per OI Data, the max Call & Put writings are seen in 6500 (3800 and 1700). So, 6500 is the crutial level.

Trade plan:

• Once price test higher level in between 6440/6470/6550, we can just wait to short with a SL of 6550.
  
• Around 6250/6200 level we can try some longs. But overall bearish.