MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 29-08-2017

MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 29-08-2017
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 oscillator is showing SELL signal For short term Crudeoil is in SELL position.Positionally Immediate support for Crudeoil is 2939.Resistance for the Crudeoil is 3023-3055-3064-3093-3095-3114-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 below2904.8 Buy if above 3116.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 3035.5 with a stop at 2934.4 Below 2904.8 go for sell
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