MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 21-11-2016
MTECHTIPS MCX Crudeoil is in long- short- term bull phase .Currently Crudeoil is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is on BUY Signal and Crudeoil is recovering from oversold level For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 3117-3079-3025-3023-.Resistance for the Crudeoil is 3175-3176-
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD LONG position In short term Crudeoil is in strong up trend so hold with stop at 3082 The Crudeoil is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 3189.3 with a stop at 3116.8 Below 3096.9 go for sell with a stop at 3169.