Tuesday, 5 February 2013

CRUDE OIL TREND FOR TODAY-06-FEB-2013

Crudeoil is in long- medium- term bull phase .Currently Crudeoil is showing some down move and trend is strong momentum is also showing strength but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is on SELL signal and Crudeoil is coming down from overbought level For short term Crudeoil is in SELL position.Positionally Support for the Crudeoil is 4997-4924-4876-.Resistance for the Crudeoil is 5181-5204-5209-

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in SELL position The Crudeoil is in downtrend For short term buy only if close above 5179.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 5195.4 with a stop at 5113.2 Below 5092.8 go for sell and put stop at 5174.8
Intraday Resistance of CRUDEOIL are 5163.7/5180.1/5232.4/5251.5/5287.8/5324.2
Intraday Support of CRUDEOIL are 5124.3/5107.9/5055.1/5036.3/5000.9/4965.6


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