MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 28-10-2016
MTECHTIPS Mcx Crudeoil is in long- medium- short-medium- term bull phase .Currently Crudeoil is showing some down move and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend . Caution note selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Crudeoil is in SELL position.Positionally Support for the Crudeoil is 3274-3162-3115-3080-.Resistance for the Crudeoil is 3376-3377-
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD SHORT position The Crudeoil is in downtrend For short term buy only if close above 3376.0 The Crudeoil is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 3389.7 with a stop at 3317.9 Below 3298.5 go for sell and put stop at 3370.