MTECHTIPS MCX CRUDE OIL INTRADAY trading tips 03-10-2016
MTECHTIPS MCX Crude oil is in perfect uptrend .Currently Crude oil is showing some up move after small correction and trend is strong momentum is also showing strength and supported with good volume 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 The current position is BUY .Position ally Support for the Crude oil is 3101-3046-3045-3022-3019-2985-. Immediate resistance for Crude oil is 3246
Short term and Intraday Level of CRUDEOIL
Currently Crude oil is in HOLD LONG position Crude oil has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 3311.2 with stop at 2953.0 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 3311.2 with a stop at 3159.4 Below 3113.2 go for sell and put stop at 3264.