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MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 16-01-2017

Sunday, January 15, 2017 22:11

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MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 16-01-2017

MTECHTIPS Mcx Crude Oil This Week Closed At 3588 With Gain. After Last Week’s Correction, Crude Oil Prices Seen Buying On Lower Levels And Successfully Closed With Gain.

On Long Term Chart, Mcx Crude Oil Is In Bullish Trend And On Downside 3050 Is Major And Crucial Support Zone For 2017. Above It Investors Keep Buy And Accumulate On Major Dips Strategy And Expect Targets Of 4300 And Then 4960 For Year 2017.

Weekly Closing Below 3050 With Strong Price Action And On Volume Will Confirm Breakdown Of Oil Prices And Start Of Fresh Downtrend. Below 3050, Mcx Crude Oil Remain Sell For Long Terms And On Downside Support As Well As Target Zones Will Be 2400 To 1800. For Next Week, Above 3535, Keep Buy On Dips View And Expect Targets Of 3691 And Then 3830.

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