MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 22-11-2016
MTECHTIPS MCX Crudeoil is in perfect uptrend .Currently Crudeoil is in downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 3156-3149-3123-3079-3058-3035-. Immediate resistance for Crudeoil is 3334
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 3113 The Crudeoil is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- is in intraday buy level better buy above 3373 or in low buy above 3257.2 Target is 3424.4 next 3509.7 Below 3206 trend reversal can occur so keep long stop at 3206.