MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 07-11-2016
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 and closed below 1 month low with volume signals down breakout.Positionally Immediate support for Crudeoil is 2905.Resistance for the Crudeoil is 3109-3128-3175-3187-3260-3300-
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 3060.0 The Crudeoil is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 2991.7 with a stop at 2911.3 Below 2888.5 go for sell.