MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 16-12-2016
MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 16-12-2016
MTECHTIPS Mcx Crudeoil is in long- medium- short-medium- short- term bull phase .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 oscillator is showing BUY signal For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 3413-3303-3264-3201-3145-.Resistance for the Crudeoil is 3507-
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in SELL position Crudeoil has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below3420.6 Buy if above 3644.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 3553.7 with a stop at 3450.3 Below 3420.6 go for sell.
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