MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 02-11-2016
MTECHTIPS MCX Crudeoil is bearish for medium-long term .Currently Crudeoil is in strong downtrend with good momentum 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 SELL signal For short term Crudeoil is in SELL position and closed below 3 week low with volume signals down breakout.Positionally Support for the Crudeoil is 3087-.Resistance for the Crudeoil is 3135-3187-3309-3329-3333-
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 3251.0 The Crudeoil is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 3150.2 with a stop at 3079.4 Below 3060 go for sell.