MTECHTIPS MCX CRUDE OIL INTRANET trading tips 10-10-2016
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 3193-3127-3108-3076-3048-3027-. Immediate resistance for Crude oil is 3405
Short term and Intraday Level of CRUDE OIL
Currently Crude oil is in HOLD LONG position In short term Crude oil is in strong up trend so hold with stop at 3286 The Crudeoil is now trading in highly overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 3382.1 with a stop at 3290.2 Below 3264.1 go for sell with stop at 3355.