MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 21-10-2016
MTECHTIPS MCX Crudeoil is in perfect uptrend .Currently Crudeoil is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Crudeoil is now trading in overbought level. The Crudeoil is now trading in overbought level. The oscillator is showing SELL signal For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 3359-3329-3202-3134-3113-3062-. Immediate resistance for Crudeoil is 3505
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD LONG position Crudeoil is moving sideways so short term investor better to buy only above 3491.0 with stop at 3306.0 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 3453.6 with a stop at 3368.4 Below 3344.6 go for sell.