MTECHTIPS MCX CRUDE OIL INTRADAY trading tips 29-09-2016
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 3046-3020-3008-2987-2979-.Resistance for the Crude oil is 3121-
Short term and Intraday Level of CRUDE OIL
Currently Crude oil is in HOLD SHORT position Crude oil is in sideways so for short term better buy above 3114.0 with stop at 2953.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 3127.6 with a stop at 3024.7 Below 2994.6 go for sell and put stop at 3097.4.