MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 23-11-2016
MTECHTIPS MCX Crudeoil is in perfect uptrend .Currently Crudeoil is showing some up move after small correction and trend is strong and 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 3162-3140-3128-3083-3079-3046-. Immediate resistance for Crudeoil is 3372
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 3167 The Crudeoil is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 3330.6 with a stop at 3218.6 Below 3185.7 go for sell with stop at 3297.6.