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MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 09-03-2017

Wednesday, March 8, 2017 23:23
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MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 09-03-2017

 

 MTECHTIPS Mcx Crudeoil is bearish for medium-long term .Currently Crudeoil is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Crudeoil is in HOLD SHORT position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for Crudeoil is 3402.Resistance for the Crudeoil is 3467-3567-3581-3590-3597-3607-

Short term and Intraday Level of CRUDEOIL

 

Crudeoil and closed below 1 week low with volume signals down breakoutCurrently Crudeoil is in HOLD SHORT position The Crudeoil is in downtrend For short term buy only if close above 3571.0 The Crudeoil is now trading in highly oversold level. The oscillator is showing BUY signal

Intraday Trend- Buy is advised above 3509.8 with a stop at 3379.3 Below 3340.5 go for sell

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