Sunday 17 February 2013

CRUDE OIL TREND FOR TODAY-18-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 5175-5168-5167-5093-4989-4915-. Immediate resistance for Crudeoil is 5294

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD SHORT position Crudeoil is in sideways so for short term better buy above 5273.0 with stop at 5176.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 5271.6 with a stop at 5175.6 Below 5150.6 go for sell and put stop at 5246.5
Intraday Resistance of CRUDEOIL are 5215.4/5219/5247/5267.3/5302/5321.2/5357.7/5394.4
Intraday Support of CRUDEOIL are 5206.6/5203/5157.6/5123.5/5104.6/5068.9/5033.4


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1 comments :

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