MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 11-04-2017
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 The current position is BUY .Positionally Support for the Crudeoil is 3405-3287-3240-3236-.Resistance for the Crudeoil is 3488-3498-
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 3331 The Crudeoil is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 3470.5 with a stop at 3397.4 Below 3377.7 go for sell with a stop at 3450.7
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