Sunday, 13 January 2013

CRUDEOIL TREND FOR TODAY-14-JAN-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 SELL signal For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 5093-5057-4968-4875-4848-4820-. Immediate resistance for Crudeoil is 5196

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD SHORT position Crudeoil is in sideways and sellers was at high so for short term better buy above 5162.2 or hold with stop at 5085.0 The next resistance will be at 5175.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 5162.2 with a stop at 5117.8 Below 5109.9 go for sell and put stop at 5154.2
Intraday Resistance of CRUDEOIL are 5149.7/5161.1/5190.9/5225.3/5244.4/5280.7/5317.1
Intraday Support of CRUDEOIL are 5122.3/5110.9/5082/5048.1/5029.4/4994/4958.7


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