CRUDEOIL TREND FOR TODAY-21-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 highly overbought level. The Crudeoil is now trading in highly overbought level. The oscillator is showing SELL signal For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 5112-5103-5043-4911-4839-4838-. Immediate resistance for Crudeoil is 5209

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD LONG position In short term Crudeoil is in strong up trend so hold with stop at 5111 The Crudeoil is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 5209.6 with a stop at 5116.6 Below 5092.6 go for sell with stop at 5185.5
Intraday Resistance of CRUDEOIL are 5178.5/5201.3/5236.1/5255.2/5291.5/5327.9
Intraday Support of CRUDEOIL are 5123.5/5100.7/5058.7/5039.9/5004.5/4969.2

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