MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 08-11-2016
MTECHTIPS MCX Crudeoil is bearish for medium-long term .Currently Crudeoil is in strong downtrend and the trend is supported with good volume 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 2905.Resistance for the Crudeoil is 3110-3126-3149-3172-3235-3288-
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 3026.0 The Crudeoil is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 3011.1 with a stop at 2942.1 Below 2923.1 go for sell and put stop at 2992.