MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 17-11-2016
MTECHTIPS MCX Crudeoil is in long- short- term bull phase .Currently Crudeoil is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The Crudeoil is now trading in oversold level. The Crudeoil is now trading in oversold level. The oscillator is showing BUY signal For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 3081-3033-3003-.Resistance for the Crudeoil is 3138-3175-3182-
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD LONG position Crudeoil has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 3160.6 with stop at 2879.0 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 3160.6 with a stop at 3080.2 Below 3057.6 go for sell and put stop at 3137.9.