October 24, 2016

MTECHTIPS MCX CRUDE OIL INTRADAY trading tips 13-10-2016
MTECHTIPS MCX Crude oil is in perfect uptrend .Currently Crude oil 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 huger 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 3296-3206-3123-3111-3068-3053-. Immediate resistance for Crude oil is 3454
Short term and Intraday Level of CRUDE OIL

Currently Crude oil is in HOLD LONG position Crude oil is moving sideways so short term investor better to buy only above 3440.0 or hold with stop at 3279.0 The Crude oil is now trading is approaching overbought level. The oscillator is on SELL signal and Crude oil is coming down from overbought level
Intraday Trend- Buy is advised above 3401.7 with a stop at 3322.4 Below 3300.5 go for sell



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