CRUDE OIL TREND FOR TODAY-23-FEB-2013

Crudeoil is in long- term bull phase .Currently Crudeoil is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Crudeoil. The oscillator is showing SELL signal For short term Crudeoil is in HOLD SHORTposition and closed below 1 month low with volume signals down breakout.Positionally Support for the Crudeoil is 5005-4925-.Resistance for the Crudeoil is 5154-5201-5206-5220-

Short term and Intraday Level of CRUDEOIL

Crudeoil and closed below 1 week low with volume signals down breakoutCurrently Crudeoil is in HOLD SHORT position Crudeoil is moving sideways so short term investor better to buy only above 5255.0 or hold with stop at 5041.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 5112.7 with a stop at 5042.1 Below 5025.4 go for sell
Intraday Resistance of CRUDEOIL are 5099.8/5125.3/5157.4/5176.4/5212.4/5248.6
Intraday Support of CRUDEOIL are 5038.2/5012.7/4981.4/4962.8/4927.6/4892.6

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