MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 12-04-2017
MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 12-04-2017
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 3401-3315-3254-3236-.Resistance for the Crudeoil is 3490-3496-
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD LONG position Crudeoil has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 3482.1 with stop at 3308.0 The Crudeoil is now trading in highly overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 3482.1 with a stop at 3427.6 Below 3414.1 go for sell and put stop at 3468.5
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