MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 23-06-2017


MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 23-06-2017

 MTECHTIPS Mcx Crudeoil is bearish for medium-long term .Currently Crudeoil is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Crudeoil is now trading in oversold level. The Crudeoil is now trading in oversold level. The oscillator is showing SELL signal For short term Crudeoil is in SELL position.Positionally Immediate support for Crudeoil is 2721.Resistance for the Crudeoil is 2891-2940-3065-3118-3167-3272-

Short term and Intraday Level of CRUDEOIL

 

Currently Crudeoil is in HOLD SHORT position Crudeoil is in sideways so for short term better buy above 2934.0 with stop at 2732.0 The Crudeoil is now trading in highly oversold level. The oscillator is showing SELL signal

Intraday Trend- Buy is advised only above 2856.1 with a stop at 2733.3 Below 2696.2 go for sell and put stop at 2818.8

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