Sunday 24 February 2013

CRUDE OIL TREND FOR TODAY-25-FEB-2013

22:29   , , ,   5 comments


Crudeoil is in long- term bull phase .Currently Crudeoil is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days volume based selling happened in the Crudeoil Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Crudeoil is in HOLD SHORT position.Positionally Support for the Crudeoil is 5009-4929-.Resistance for the Crudeoil is 5157-5197-5201-5205-

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 5255.0 with stop at 5041.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 5115 with a stop at 5048.5 Below 5033.1 go for sell and put stop at 5099.6
Intraday Resistance of CRUDEOIL are 5078.4/5082/5108.2/5128.3/5162.4/5181.4/5217.5/5253.6
Intraday Support of CRUDEOIL are 5069.6/5066/5039.9/5020/4986.3/4967.7/4932.5/4897.5

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