MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 23-09-2016
MTECHTIPS Crudeoil is bearish for medium-long term .Currently Crudeoil is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing BUY signal For short term Crudeoil is in HOLD SHORT position.Positionally Support for the Crudeoil is 3063-3051-2997-2992-2982-.Resistance for the Crudeoil is 3118-
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD LONG position In short term Crudeoil is in strong up trend so hold with stop at 2978 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 3143.4 with a stop at 3076.8 Below 3058.7 go for sell with a stop at 3125.3.