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 SHORT position.Positionally Support for the Crudeoil is 3109-3083-3044-2990-.Resistance for the Crudeoil is 3174-3192-
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD LONG position Crudeoil is in sideways and sellers was at high so for short term better buy above 3175.6 or hold with stop at 2879.0 The next resistance will be at 3155.0 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 3175.6 with a stop at 3092.2 Below 3068.6 go for sell and put stop at 3151.9.