Friday, 1 February 2013

CRUDE OIL TREND FOR TODAY-02-FEB-2013


Crudeoil is in long- medium- short-medium- short- term bull phase .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 5156-5131-4979-4903-4863-.Resistance for the Crudeoil is 5216-

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD SHORT position Crudeoil has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below5130.4 Buy if above 5248.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 5233.8 with a stop at 5151 Below 5130.4 go for sell
Intraday Resistance of CRUDEOIL are 5223.3/5257.6/5287.5/5323.9/5360.5
Intraday Support of CRUDEOIL are 5140.7/5106.4/5071.6/5036.1/5000.6


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