MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 19-04-2017

MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 19-04-2017
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 Crudeoil is now trading in overbought level. The Crudeoil is now trading in overbought level. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Crudeoil is 3376-3328-3257-.Resistance for the Crudeoil is 3415-3482-3495-
Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD SHORT position Crudeoil has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below3367.4 Buy if above 3478.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 3430.7 with a stop at 3379.8 Below 3367.4 go for sell
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