MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 18-04-2017

MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 18-04-2017
MTECHTIPS Mcx Crudeoil is bearish for medium-long term .Currently 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 3364-3308-3249-.Resistance for the Crudeoil is 3418-3485-3493-
Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD LONG position Crudeoil is in profit booking mode so better sell and enter at lower level The Crudeoil is now trading is approaching overbought level. The oscillator is on SELL signal and Crudeoil is coming down from overbought level
Intraday Trend- Buy is advised above 3427.2 with a stop at 3381.6 Below 3370.9 go for sell
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