MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 05-10-2018
MTECHTIPS 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 oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Crudeoil is 5296-5192-5096-4897-4875-4798-. Immediate resistance for Crudeoil is 5692
Short term and Intraday Level of CRUDEOIL Currently Crudeoil is in HOLD LONG position In short term Crudeoil is in strong up trend so hold with stop at 5416 The Crudeoil is now trading in highly overbought level. The oscillator is showing BUY signal Intraday Trend- Buy is advised above 5614 with a stop at 5417 Below 5359 go for sell with stop at 5556
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