MTECHTIPS MCX CRUDE OIL INTRADAY trading tips 14-10-2016
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 3312-3224-3131-3112-3081-3055-. Immediate resistance for Crude oil is 3454
Short term and Intraday Level of CRUDEOIL
Currently Crude oil is in HOLD LONG position Crude oil has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 3417.5 with stop at 3279.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 3417.5 with a stop at 3335.5 Below 3312.7 go for sell and put stop at 3394.