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

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MCX Crude Oil Futures – Intraday Analysis 7th Oct., 25Crude Oil FuturesMCX:CRUDEOIL1!ChartPathikCRUDEOIL1! 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.