CRUDE OIL TREND FOR TODAY-11-FEB-2013

Crudeoil is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Crudeoil is in SELL position.Positionally Support for the Crudeoil is 5030-4948-4892-.Resistance for the Crudeoil is 5184-5185-5196-

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD LONG position Crudeoil has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 5197.6 with stop at 5070.0 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 5197.6 with a stop at 5124.1 Below 5106.6 go for sell and put stop at 5179.9
Intraday Resistance of CRUDEOIL are 5155.8/5159/5185.5/5205.7/5240.1/5259.2/5295.5/5332
Intraday Support of CRUDEOIL are 5148.2/5145/5116.6/5096.6/5062.7/5043.9/5008.5/4973.1

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