MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 16-03-2017

MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 16-03-2017
MTECHTIPS Mcx Crudeoil is bearish for medium-long term .Currently Crudeoil is in strong downtrend 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 SELL position.Positionally Immediate support for Crudeoil is 3095.Resistance for the Crudeoil is 3377-3459-3460-3517-3561-3565-
Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in SELL position The Crudeoil is in downtrend For short term buy only if close above 3222.0 Selling pressure seems to be deceasing So Short term sellers have to take a cautious approach.Short only below 3107.0 The Crudeoil is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 3253.8 with a stop at 3137.1 Below 3102.5 go for sell and put stop at 3219.1
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