MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 20-11-2018

MTECHTIPS MCX CRUDEOIL INTRADAY trading tips  20-11-2018

 MTECHTIPS   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 . In last few days volume based selling happened in the Crudeoil. The Crudeoil is now trading in highly oversold level. The Crudeoil is now trading in highly oversold level. The oscillator is showing BUY signal For short term Crudeoil is in SELL position.Positionally Immediate support for Crudeoil is 3940.Resistance for the Crudeoil is 4287-4444-4690-4905-4916-4977-

Short term and Intraday Level of CRUDEOIL Currently Crudeoil is in HOLD SHORT position The Crudeoil is in downtrend For short term buy only if close above 4159.0 The Crudeoil is now trading is approaching oversold level. The oscillator is on BUY Signal and Crudeoil is recovering from oversold level Intraday Trend- Buy is advised only above 4133 with a stop at 4006 Below 3951 go for sell

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