MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 29-12-2017

MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 29-12-2017
MTECHTIPS Crudeoil is in perfect uptrend .Currently Crudeoil is in strong uptrend with good momentum 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 The current position is BUY .Positionally Support for the Crudeoil is 3719-3707-3702-3635-3521-3404-. Immediate resistance for Crudeoil is 3859 Short term and Intraday Level of CRUDEOIL Currently Crudeoil is in HOLD LONG position In short term Crudeoil is in strong up trend so hold with stop at 3782 The Crudeoil is now trading in highly overbought level. The oscillator is showing SELL signal Intraday Trend- Buy is advised above 3850 with a stop at 3801 Below 3789 go for sell with stop at 3838
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