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MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 23-01-2017

Sunday, January 22, 2017 22:36

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MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 23-01-2017

MTECHTIPS Mcx Mcx Crude Oil Future This Week Closed At 3641 With Gain. This Was Second Positive Week For Oil Future. After Strong Rally We Seen Some Correction And Consolidation In Crude Oil Prices. Prices Now Taken Support At 3535 And Will Upward Towards My Big Bullish Swing Target Of 3830.

Traders Above 3535 On Closing Basis Must Stay Bullish On Crude And Expect 3700 And 3830 Targets In Next Week. If Slips Below 3535 On Strong Volume And Price Action Then That Will Be Fresh Bearish Breakdown And Sell Signal For Crude Oil And In That Scenario Target Will Be 3360.

From Long Term View, Mcx Crude Oil Slowly Inching Towards My 2017 Target Of 4300.

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