MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 23-05-2017

MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 23-05-2017
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 Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 3193-3137-3130-3085-.Resistance for the Crudeoil is 3332-3405-
Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD LONG position Crudeoil has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 3345.9 with stop at 3088.0 The Crudeoil is now trading in highly overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 3345.9 with a stop at 3288.8 Below 3274.2 go for sell and put stop at 3331.3

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