Sunday, 3 February 2013

CRUDE OIL TREND FOR TODAY-04-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 oscillator is on SELL signal and Crudeoil is coming down from overbought level For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 5162-5136-4986-4910-4866-.Resistance for the Crudeoil is 5219-

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD SHORT position The Crudeoil is in downtrend For short term buy only if close above 5211.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 5238.8 with a stop at 5156 Below 5135.3 go for sell and put stop at 5218.1
Intraday Resistance of CRUDEOIL are 5190.3/5193/5222.3/5242.6/5277.1/5296.3/5332.7/5369.3
Intraday Support of CRUDEOIL are 5183.7/5181/5153.2/5133.1/5099/5080.2/5044.6/5009.2



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