Thursday 21 February 2013

CRUDE OIL TREND FOR TODAY-22-FEB-2013


Crudeoil is in long- term bull phase .Currently Crudeoil is showing some down move and trend is strong and supported with good volume The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term Crudeoil is in HOLD SHORT position and Crudeoil closed below 1 week low with volume signals down breakout.Positionally Support for the Crudeoil is 5002-4923-.Resistance for the Crudeoil is 5151-5206-5211-5229-

Short term and Intraday Level of CRUDEOIL

Crudeoil and closed below 1 week low with volume signals down breakoutCurrently Crudeoil is in SELL position The Crudeoil is in downtrend For short term buy only if close above 5211.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 5200.7 with a stop at 5047.7 Below 5003.7 go for sell
Intraday Resistance of CRUDEOIL are 5147/5184.3/5225.9/5262.1/5298.4
Intraday Support of CRUDEOIL are 5057/5019.7/4975.9/4940.7

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