MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 04-07-2017


MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 04-07-2017

 MTECHTIPS Mcx Crudeoil is bearish for medium-long term .Currently Crudeoil is showing some up move after small correction and trend is strong but volume is unsatisfactory The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 2935-2862-2848-.Resistance for the Crudeoil is 3058-3138-3225-

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 2934 The Crudeoil is now trading in highly overbought level. The oscillator is showing BUY signal

Intraday Trend- Buy is advised above 3093.4 with a stop at 3014.8 Below 2992.7 go for sell with a stop at 3071.3

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