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MTECHTIPS MCX CRUDEOIL intraday trading analysis 23-02-2015

MTECHTIPS MCX CRUDEOIL intraday trading analysis 23-02-2015
Mcx Crude Oil On Last Trading Session Closed At 3215 With Gains. On Chart, Crude Is In Recovery Rally And Trading Above Its Week And Month Averages And Heading Towards Its 3 Month Average Of 3350. This Will Be Target For Short-Term Traders If Recovery Rally Continues. On Downside, 3100 And 2970 Are Strong Supports And Stop Loss For Long Positions. In Medium Terms, 3400 To 3600 Are Target Zones. Bottom Of 2720 Is Strong Support And Stop Loss For Medium Term Investors.

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