MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 29-11-2016
MTECHTIPS MCX Crudeoil is in perfect uptrend .Currently Crudeoil 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 .Positionally Support for the Crudeoil is 3197-3188-3145-3123-3122-3086-. Immediate resistance for Crudeoil is 3372
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD SHORT position The Crudeoil is in downtrend .Last day Crudeoil was in bull trend So short term buyers buy if close above 3291.0 Yesterdays trend was with volume So short term buyers with strong risk apetite can buy the stock even if it is above 3164.4 The oscillator is showing SELL signal
Intraday Trend- Buy the Crudeoil above 3300.7 with a stop at 3205.4 Sell if below .3164.4 with a stop at 3300.7 or sell if opens below 3205.