Mtechtips CRUDEOIL MCX CRUDEOIL BUY AT 4810 STOPLOSS 4730 TGT 4950 TGT 5080

Mtechtips CRUDEOIL MCX  intraday trading analysis 15-10-2012

Mcx crude oil from short term view,traders should follow this strategy to watch for 4900 if closed above it then only buy but slips below 4840 and close below it then again expect 4600 and below levels. medium to long term traders take long positions here but stoploss is deep below 4640 on weekly closing basis and expect 5020 as first target level.closing below 4600 on weekly basis opens 4200-3800 targets on downside.on nymex 86-89 support zone is most important from long term view.

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