MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 22-09-2016
MTECHTIPS Crudeoil is bearish for medium-long term .Currently Crudeoil is moving sideways The oscillator is showing SELL signal but has moved past its recent high with good volume points to a positive break out . The oscillator is showing SELL signal For short term Crudeoil is in HOLD SHORT position and closed above 1 week high with volume signals up breakout.Positionally Support for the Crudeoil is 2998-2984-2980-.Resistance for the Crudeoil is 3081-3090-3116-
Short term and Intraday Level of CRUDEOIL
Crudeoil closed above 1 week high with volume signals up breakoutCurrently Crudeoil is in HOLD LONG position Crudeoil has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 3112.5 with stop at 2873.0 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 3112.5 with a stop at 3009.8 Below 2979.8 go for sell and put stop at 3082.