December 7, 2016

MTECHTIPS MCX CRUDE OIL INTRADAY trading tips 30-09-2016

 MTECHTIPS MCX Crude oil is in perfect uptrend .Currently Crude oil is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term Crude oil is in HOLD LONG position Positionally Support for the Crude oil is 3100-3046-3022-3013-3010-2981-. Immediate resistance for Crude oil is 3246

Short term and Intraday Level of CRUDEOIL

 

Currently Crude oil is in HOLD LONG position Crude oil is in sideways so for short term better buy above 3259.7 or hold with stop at 2953.0 The next resistance will be at 3233.0 The oscillator is showing SELL signal

Intraday Trend- Buy above 3259.7 and keep stop below 3148.5 Target is 3309 next 3390.8 below 3099.4 trend reversal can occur and next level is 3017.9

 

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