MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 04-01-2018

MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 04-01-2018
MTECHTIPS Crudeoil is in strong uptrend 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 and closed above 1 month high with volume signals up breakout.Positionally Support for the Crudeoil is 3791-3745-3720-3672-3556-3433-. Immediate resistance for Crudeoil is 3925 Short term and Intraday Level of CRUDEOIL Crudeoil closed above 1 week high with volume signals up breakoutCurrently Crudeoil is in HOLD LONG position Crudeoil is in sideways and sellers was at high so for short term better buy above 3958.3 or hold with stop at 3782.0 The next resistance will be at 3909.0 The Crudeoil is now trading is approaching overbought level. The oscillator is on SELL signal and Crudeoil is coming down from overbought level Intraday Trend- Buy is advised only above 3958.3 with a stop at 3871.5 Below 3847.9 go for sell and put stop at 3934.6
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