MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 02-12-2016
MTECHTIPS MCX Crudeoil is in perfect uptrend .Currently Crudeoil is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Crudeoil is 3268-3206-3186-3150-3127-3094-. Immediate resistance for Crudeoil is 3556
Short term and Intraday Level of CRUDEOIL
Last few days Crudeoil is moving up and the trend looks goodCurrently Crudeoil is in HOLD LONG position Crudeoil is in sideways so for short term better buy above 3586.1 or hold with stop at 3093.0 The next resistance will be at 3542.0 The oscillator is showing BUY signal
Intraday Trend- Buy above 3586.1 and keep stop below 3468.1 Target is 3638.1 next 3724.4 Below 3416.4 trend reversal can occur and next level is 3330.4.