MTECHTIPS MCX CRUDEOIL INTRADAY trading tips 10-12-2018

MTECHTIPS MCX CRUDEOIL INTRADAY trading tips  10-12-2018

 MTECHTIPS   Crudeoil is bearish for medium-long term .Currently Crudeoil is in downtrend and the trend is supported with good volume The open interest is not increasing with trend .. 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 HOLD LONG position.Positionally Support for the Crudeoil is 3742-3677-.Resistance for the Crudeoil is 4001-4595-4735-4741-

Short term and Intraday Level of CRUDEOIL Currently Crudeoil is in HOLD SHORT position Crudeoil is in sideways so for short term better buy above 3867 with stop at 3559.0 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 above 3938 and keep stop below 3759.9 Target is 4020 next 4155 Below 3678 trend reversal can occur and next level is 3543

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