Wednesday, 20 February 2013

CRUDE OIL TREND FOR TODAY-20-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 5191-5172-5170-5107-4998-4921-. Immediate resistance for Crudeoil is 5294

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 5228.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 5307 with a stop at 5210.4 Below 5185.2 go for sell and put stop at 5281.7
Intraday Resistance of CRUDEOIL are 5266.3/5283.2/5329.5/5348.8/5385.4/5422.2
Intraday Support of CRUDEOIL are 5225.7/5208.8/5150.6/5131.7/5095.9/5060.3

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