October 21, 2016


 MTECHTIPS MCX Crudeoil is in perfect uptrend .Currently Crudeoil 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 higer levels seems decreasing. The Crudeoil is now trading in overbought level. The Crudeoil is now trading in overbought level. The oscillator is showing BUY signal For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 3325-3248-3141-3112-3091-3055-. Immediate resistance for Crudeoil is 3454

Short term and Intraday Level of CRUDEOIL


Currently Crudeoil is in HOLD SHORT position Crudeoil is moving sideways with low volatality so short term investor better to buy if close above 3440.0 close below 3279.0 Sell will happen. The oscillator is showing SELL signal

Intraday Trend-Intraday better to buy above 3433.1 and Sell if below3245.





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