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NYMEX CRUDE OIL Trading Tips - CRUDE OIL moving up from strong trend line support, further up move is expecting as per Technical Analysis charts. (Updated On 17th July 2014, Thursday).





  • As per previous report on NYMEX CRUDE OIL - (CO ) failed to took support of 100.22 and fell down to its next support level around 99. (Click here to view previous report on CRUDE OIL).
  • Now technical chart indicates CRUDE OIL moving up from strong trend line support zone and also trading above 200 days moving average, this will favor bulls to take price further up.
    • If failed to take this trend line support and fells down then will face next support zone around 97.50.
  • Daily chart also indicates Crude oil`s RSI was trading below 30pts , indicating over sold, which has now move up.
  • If Crude Oil moves up from current levels then will find strong fibonacci retracement resistance around 102.50, 103.50 & 104.50. 



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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

.