MTECHTIPS MCX CRUDE OIL INTRADAY trading tips 27-09-2016
MTECHTIPS MCX Crude oil is bearish for medium-long term .Currently Crude oil is moving sideways The oscillator is showing BUY signal .In last 1 month volatility is very less and fresh Buy can be considered in the Crude oil if it close above 3186 or buy with strict stop at 2862. The oscillator is showing BUY signal For short term Crude oil is in HOLD LONG position. Position ally Support for the Crude oil is 3054-3034-3004-2981-.Resistance for the Crude oil is 3120-
Short term and Intraday Level of CRUDE OIL
Currently Crude oil is in HOLD LONG position In short term Crude oil is in strong up trend so hold with stop at 3002 The Crude oil is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 3172.8 with a stop at 3035.2 Below 2993.5 go for sell with a stop at 3131.