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
5141-5128-5091-4944-4867-4848-. Immediate resistance for Crudeoil is 5233
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 5232 or hold with stop at 5132.0 The
next resistance will be at 5212.0 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 only above 5232 with a stop at 5169.9 Below 5156.1 go for sell and put stop at 5218.2
Intraday Resistance of CRUDEOIL are 5221.5/5244.4/5274/5293.2/5329.7/5366.2
Intraday Support of CRUDEOIL are 5166.5/5143.6/5096.1/5077.2/5041.7/5006.2
Intraday Trend- Buy is advised only above 5232 with a stop at 5169.9 Below 5156.1 go for sell and put stop at 5218.2
Intraday Resistance of CRUDEOIL are 5221.5/5244.4/5274/5293.2/5329.7/5366.2
Intraday Support of CRUDEOIL are 5166.5/5143.6/5096.1/5077.2/5041.7/5006.2
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