Friday, 15 February 2013

CRUDE OIL TREND FOR TODAY-16-FEB-2013


Crudeoil is in perfect uptrend .Currently Crudeoil is in strong uptrend with good momentum 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 showing BUY signal For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 5168-5167-5165-5083-4983-4911-. Immediate resistance for Crudeoil is 5294

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD LONG position Crudeoil is in profit booking mode so better sell and enter at lower level The Crudeoil is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 5259.4 with a stop at 5163.7 Below 5138.8 go for sell
Intraday Resistance of CRUDEOIL are 5248.9/5290.4/5322.9/5359.4/5396.1
Intraday Support of CRUDEOIL are 5149.1/5107.6/5070.6/5035

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1 comments :

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