MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 03-04-2017
MTECHTIPS Mcx Crudeoil is bearish for medium-long term .Currently Crudeoil is in downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is on BUY Signal and Crudeoil is recovering from oversold level For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 3175-3173-.Resistance for the Crudeoil is 3321-3466-3471-3517-
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD LONG position In short term Crudeoil is in strong up trend so hold with stop at 3203 The Crudeoil is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 3314.4 with a stop at 3265.6 Below 3253.7 go for sell with a stop at 3302.5
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