NYMEX CRUDE OIL Technical Analysis - CRUDE Oil facing strong support at current levels, and also entered in oversold zone. (Updated On 15th July 2014, Tuesday).

  • NYMEX CRUDE OIL is facing strong trend line and 200 days moving average support at current levels, which indicates Crude oil can move up from current levels as we have witnessed strong selling from 108 levels.
  • Daily chart also indicates Crude is now entered in oversold zone which indicates Crude can bounce back from current levels, its a sign of caution for bears.
  • Daily chart indicates if Crude oil moves up from current levels then on upper side will find strong fibonacci retracement resistance around 102, 103, 104 & 105. Close Watch.

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What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips