MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 19-05-2017

MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 19-05-2017
MTECHTIPS Mcx Crudeoil is bearish for medium-long term .Currently Crudeoil is showing some up move after small correction and trend is strong but volume is unsatisfactory The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 3146-3067-.Resistance for the Crudeoil is 3217-3341-3413-
Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD LONG position In short term Crudeoil is in strong up trend so hold with stop at 3107 The Crudeoil is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 3269 with a stop at 3166.9 Below 3137.2 go for sell with a stop at 3239.2
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