May 25, 2018

MTECHTIPS Mcx Crudeoil is in long- term bull phase .Currently Crudeoil is showing some down move and trend is strong and supported with good volume The open interest is not increasing with trend . Caution note selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Crudeoil is in HOLD SHORT position.Positionally Support for the Crudeoil is 3409-3370-.Resistance for the Crudeoil is 3581-3606-3609-3611-
Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in SELL position Crudeoil has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below3443.3 Buy if above 3663.0 The Crudeoil is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 3556.9 with a stop at 3468.1 Below 3443.3 go for sell


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