MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 22-06-2017

MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 22-06-2017
MTECHTIPS Mcx Crudeoil is bearish for medium-long term .Currently Crudeoil is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Crudeoil is now trading in oversold level. The Crudeoil is now trading in oversold level. The oscillator is showing SELL signal For short term Crudeoil is in HOLD SHORT position and Crudeoil closed below 1 week low with volume signals down breakout.Positionally Immediate support for Crudeoil is 2721.Resistance for the Crudeoil is 2908-2966-3082-3131-3175-3280-
Short term and Intraday Level of CRUDEOIL
Crudeoil and closed below 1 week low with volume signals down breakoutCurrently Crudeoil is in HOLD SHORT position Crudeoil is in sideways but the trend looks weak so better buy above 2934.0 or hold with stop at 2732.0 The Crudeoil is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Sell if open below 2698.9 with stop loss at 2783.3 or sell below 2662.2Buy is not advised till it cross 2820.1
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