February 27, 2017


 MTECHTIPS Mcx  Crudeoil is in long- medium- term bull phase .Currently Crudeoil is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Crudeoil is in SELL position.Positionally Support for the Crudeoil is 3378-3351-3269-.Resistance for the Crudeoil is 3606-3635-3641-

Short term and Intraday Level of CRUDEOIL


Currently Crudeoil is in SELL position Crudeoil is in sideways so for short term better buy above 3663.4 with stop at 3478.0 The oscillator is showing SELL signal

Intraday Trend- Buy is advised only above 3663.4 with a stop at 3548.3 Below 3514.9 go for sell and put stop at 3629.8




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