MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 24-10-2016
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 3365-3341-3223-3144-3114-3065-. Immediate resistance for Crudeoil is 3505
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD LONG position Crudeoil is in profit booking mode so hold with stop at 3381 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 3437 with a stop at 3381.2 Below 3367.1 go for sell and put stop at 3422.