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MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 22-08-2017

Monday, August 21, 2017 23:15

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MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 22-08-2017

MTECHTIPS Mcx Crudeoil is bearish for medium-long term .Currently Crudeoil is in strong downtrend with good momentum but volume is unsatisfactory 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 SELL position.Positionally Support for the Crudeoil is 3031-2986-.Resistance for the Crudeoil is 3104-3108-3127- Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD SHORT position Crudeoil is in down trend so buy above 3095.0 The sell will again come if below 2981.0 The Crudeoil is now trading is approaching oversold level. The oscillator is showing BUY signal

Intraday Trend- Buy is advised above 3128 with a stop at 3030.6 Below 3002.3 go for sell

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