MTECHTIPS MCX CRUDE OIL INTRADAY trading tips 06-10-2016
MTECHTIPS MCX Crude oil is in perfect uptrend .Currently Crude oil 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 .Position ally Support for the Crude oil is 3132-3106-3071-3047-3043-3005-. Immediate resistance for Crude oil is 3343
Short term and Intraday Level of CRUDEOIL
Currently Crude oil is in HOLD LONG position In short term Crude oil is in strong up trend so hold with stop at 3227 Very Short term investor please cautious on Crude oil as it is moving with low volatility The Crude oil is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 3363.8 with a stop at 3296.3 Below 3278.3 go for sell with a stop at 3345.7.