MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 21-11-2018

MTECHTIPS MCX CRUDEOIL INTRADAY trading tips  21-11-2018

 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 and Crudeoil closed below 1 week low with volume signals down breakout.Positionally Immediate support for Crudeoil is 3811.Resistance for the Crudeoil is 4222-4374-4632-4892-4905-4956-

Short term and Intraday Level of CRUDEOIL Crudeoil and closed below 1 week low with volume signals down breakoutCurrently Crudeoil is in HOLD SHORT position Crudeoil is in sideways but the trend looks weak so better buy above 4205 or hold with stop at 3826 The Crudeoil is now trading is approaching oversold level. The oscillator is showing BUY signal  Intraday Trend- Sell if open below 3766 with stop loss at 3942 or sell below 3685 Buy is not advised till it cross 4022

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