MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 26-09-2016
MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 26-09-2016
MTECHTIPS MCX Crudeoil is bearish for medium-long term .Currently Crudeoil is in 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 LONG position.Positionally Immediate support for Crudeoil is 2862.Resistance for the Crudeoil is 3005-3021-3063-3081-3119-
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD LONG position Crudeoil has formed new high but the trend looks weak so better buy above 3064.7 The oscillator is showing BUY signal
Intraday Trend- Sell if open below 2931.8 with stop loss at 3024.3 or sell below 2891.6Buy is not advised till it cross 3064.7.
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