CRUDE OIL TREND FOR TODAY-26-FEB-2013

Crudeoil is in long- term bull phase .Currently Crudeoil is in strong downtrend with good momentum 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. The oscillator is showing SELL signal For short term Crudeoil is in SELL position.Positionally Support for the Crudeoil is 5010-4933-.Resistance for the Crudeoil is 5160-5185-5191-5196-

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD SHORT position The Crudeoil is in downtrend For short term buy only if close above 5093.0 The Crudeoil is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 5091.8 with a stop at 5025.6 Below 5010.3 go for sell
Intraday Resistance of CRUDEOIL are 5093.8/5129.4/5167.6/5203.6/5239.7
Intraday Support of CRUDEOIL are 5008.2/4972.6/4919.1/4884.1

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