Thursday 31 January 2013

CRUDE OIL TREND FOR TODAY-01-FEB-2013


Crudeoil is in perfect uptrend .Currently Crudeoil is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Crudeoil is now trading in overbought level. The Crudeoil is now trading in overbought level. The oscillator is showing BUY signal For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 5170-5153-5125-4972-4896-4860-. Immediate resistance for Crudeoil is 5269

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD LONG position Crudeoil is in profit booking mode so either sell of or keep stop at5186 so better sell and enter at lower level 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 is advised above 5242.1 with a stop at 5176.8 Below 5162 go for sell
Intraday Resistance of CRUDEOIL are 5231.7/5256.3/5290.2/5309.4/5345.9/5382.5
Intraday Support of CRUDEOIL are 5172.3/5147.7/5111.9/5093.1/5057.4/5021.9


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