MTECHTIPS Mcx Crudeoil is in long- 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 . Noting point is 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 3415-3379-.Resistance for the Crudeoil is 3589-3592-3603-
Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD SHORT position The Crudeoil is in downtrend For short term buy only if close above 3557.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 3573.2 with a stop at 3525.9 Below 3514.9 go for sell and put stop at 3562.1


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