4688 is a key support for crude. LTP on my chart is frozen at 4696. It takes a long time for MCX to come back online or even intimate what's going on. It's like a govt office. Whatever happened to risk mitigation & backup servers... and they want to extend timings for NSE.
Given the frequency & length of these MCX glitches, maybe it's time to start exploring crude oil options to hedge our existing positions against adverse movements. A lot can happen during these 2+ hour outages specially because the US session is active while MCX is asleep at the wheel.
4744 as per my system - if not reclaimed by EoD, at least 100 point downside possible, but if claim back, all good. Trump Chachu Meeting Putin - market expecting lower tension - bad for crude.
Immediate upside will be fake one until few days consolidation, so avoiding it completely. It is in chop zone now.
More downside is ahead if breaks 4780.