MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 05-04-2017
MTECHTIPS Mcx Crudeoil is bearish for medium-long term .Currently Crudeoil is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 3271-3196-3190-.Resistance for the Crudeoil is 3453-3478-3510-
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 3267 Very Short term investor please cautious on Crudeoil as it is moving with low volatality The Crudeoil is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 3362.8 with a stop at 3302.9 Below 3287.4 go for sell with a stop at 3347.2
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