Thursday 28 February 2013

CRUDE OIL TREND FOR TODAY-01-March-2013


Crudeoil is in long- term bull phase .Currently Crudeoil is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Crudeoil. The oscillator is showing SELL signal For short term Crudeoil is in SELLposition.Positionally Support for the Crudeoil is 5016-4945-.Resistance for the Crudeoil is 5125-5163-5170-5175-

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD SHORT position Crudeoil is in sideways so for short term better buy above 5104.0 with stop at 4986.0 The Crudeoil is now trading is approaching oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 5137.3 with a stop at 5040.4 Below 5014.9 go for sell and put stop at 5111.7
Intraday Resistance of CRUDEOIL are 5101.5/5127/5169.4/5199.2/5235.3
Intraday Support of CRUDEOIL are 5050.5/5025/4982.6/4949.9/4914.8/4879.8
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