MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 16-08-2017

MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 16-08-2017

 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 but volume is unsatisfactory 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 SELL position.Positionally Support for the Crudeoil is 3029-2981-.Resistance for the Crudeoil is 3089-3113-3147-3153-Short term and Intraday Level of CRUDEOIL Currently Crudeoil is in SELL position Crudeoil is moving sideways so short term investor better to buy only above 3223.0 or hold with stop at 3064.0 The oscillator is showing SELL signal

Intraday Trend- Buy is advised above 3122.8 with a stop at 3040.6 Below 3017.4 go for sell

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