MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 17-08-2017

MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 17-08-2017
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 and supported with good volume The open interest is not increasing with trend . Caution note selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Crudeoil is in SELL position.Positionally Support for the Crudeoil is 2979-.Resistance for the Crudeoil is 3052-3092-3112-3133-3147-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 below2957.2 Buy if above 3223.0 The Crudeoil is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 3059 with a stop at 2979.6 Below 2957.2 go for sell
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