MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 25-04-2017

MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 25-04-2017
MTECHTIPS Mcx Crudeoil is bearish for medium-long term.Currently Crudeoil is showing some down move and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend . Caution note selling at lower levels seems decreasing. The oscillator is on SELL signal and Crudeoil is coming down from overbought level For short term Crudeoil is in HOLD SHORT position.Positionally Immediate support for Crudeoil is 3163.Resistance for the Crudeoil is 3297-3361-3370-3392-3462-3493-
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 below3144.7 Buy if above 3439.0 The Crudeoil is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 3235.4 with a stop at 3164.2 Below 3144.7 go for sell
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