MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 01-12-2016
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 .. The oscillator is showing BUY signal For short term The current position is BUY and closed above 1 month high with volume signals up breakout.Positionally Support for the Crudeoil is 3226-3195-3151-3147-3117-3089-. Immediate resistance for Crudeoil is 3402
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD SHORT position Crudeoil is in sideways so for short term better buy above 3465.4 or hold with stop at 3093.0 The next resistance will be at 3388.0 The oscillator is showing BUY signal
Intraday Trend- Buy above 3465.4 and keep stop below 3288.9 Target is 3547.1 next 3682.7 Below 3207.6 trend reversal can occur and next level is 3072.5.