MTECHTIPS MCX CRUDE OIL INTRADAY trading tips 07-10-2016
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 .Positionally Support for the Crude oil is 3158-3107-3099-3062-3047-3016-. Immediate resistance for Crude oil is 3391
Short term and Intraday Level of CRUDE OIL
Currently Crudeoil is in HOLD LONG position In short term Crudeoil is in strong up trend so hold with stop at 3260 The Crude oil is now trading in highly overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 3422.9 with a stop at 3337.3 Below 3313.3 go for sell with a stop at 3398.8.