MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 21-09-2016
MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 21-09-2016
MTECHTIPS Crudeoil is bearish for medium-long term .Currently Crudeoil is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Crudeoil is in HOLD SHORT position.Positionally Immediate support for Crudeoil is 2862.Resistance for the Crudeoil is 3006-3019-3084-3094-3115
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD SHORT position Crudeoil is showing some Up momentum So buy above 2976.0 with stop at 2873.0 The Crudeoil is now trading is approaching oversold level. The oscillator is on BUY Signal and Crudeoil is recovering from oversold level
Intraday Trend- Buy is advised only above 3008.7 with a stop at 2926.8 Below 2903.5 go for sell and put stop at 2985.3.
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