MTECHTIPS MCX CRUDE OIL INTRADAY trading tips 21-09-2016
MTECHTIPS Crude oil is bearish for medium-long term .Currently Crude oil is in strong downtrend 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 Crude oil is in HOLD SHORT position. Position ally Immediate support for Crude oil is 2862.Resistance for the Crude oil is 3006-3019-3084-3094-3115
Short term and Intraday Level of CRUDE OIL
Currently Crude oil is in HOLD SHORT position Crude oil is showing some Up momentum So buy above 2976.0 with stop at 2873.0 The Crude oil is now trading is approaching oversold level. The oscillator is on BUY Signal and Crude oil is recovering from oversold level
Intraday Trend- Buy is advised only above 3008.7 with a stop at 2926.8 Below 2903.5 go for sell and put stop at 2985.3.