MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 04-11-2016
MTECHTIPS MCX Crudeoil is bearish for medium-long term .Currently Crudeoil is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Crudeoil Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Crudeoil is in SELL position.Positionally Immediate support for Crudeoil is 2956.Resistance for the Crudeoil is 3109-3130-3180-3229-3286-3312-
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 3115.0 The Crudeoil is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 3038 with a stop at 2942.2 Below 2914.3 go for sell.