Crude Oil Trading

YA, that's why I kept 0.025% as standard calculation. whatever be the case , total brokerage including stamp duty etc. will be roughly near to 0.025.
it will be less than this mostly, if higher no. of lots used as Z fixes 20 rs per executed order.
when crude was below 2000, breakeven was 1 rs only :lol:

Thanks so much guys :clap:

$40 did not break in MCX time , but after hours crude fell to 39.46

now $38.76 low , seems uptrend broken , confirmation below 36.

60 points gap down on MCX

good for positional traders

why crude such a way today? any idea based on purely technical analysis?

I thought inv report is bullish as build was less than expected ,
but crude sold off later news was OPEC production increased in march

that is the problem ravi bhai..if crude is going up, there is a reason. Similarly if it goes down then there has also a reason.
so forget about the fundamentals..could you explain the yesterday up and down based purely on technical analysis not on any fundamental news.

I cant explain as when it turned up from $ 38 , I was bullish and first target was 40.1 , previous swing high, but it sold off before that
actually commodities are very sensitive to news/rumours