Wednesday, 16 January 2013

CRUDEOIL TREND FOR TODAY-17-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 .. 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 LONGposition.Positionally Support for the Crudeoil is 5106-5084-5017-4900-4842-4831-. Immediate resistance for Crudeoil is 5196

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD LONG position Crudeoil is in sideways and sellers was at high so for short term better buy above 5208.6 or hold with stop at 5077.0 The next resistance will be at 5164.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 5208.6 with a stop at 5115.6 Below 5091.6 go for sell and put stop at 5184.5
Intraday Resistance of CRUDEOIL are 5183.1/5210.6/5246.1/5282.4/5318.8
Intraday Support of CRUDEOIL are 5116.9/5089.4/5049.8/5031/4995.6/4960.4

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