Wednesday, 27 February 2013

CRUDE OIL TREND FOR TODAY-28-FEB-2013


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. The oscillator is showing SELL signal For short term Crudeoil is inSELL position.Positionally Support for the Crudeoil is 4941-.Resistance for the Crudeoil is 5053-5137-5161-5175-5181-

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD SHORT position Crudeoil is moving sideways so short term investor better to buy only above 5104.0 or hold with stop at 4986.0 The Crudeoil is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 5047.5 with a stop at 4981.8 Below 4966.7 go for sell
Intraday Resistance of CRUDEOIL are 5033.9/5056.2/5097.2/5116.1/5151.9/5187.8
Intraday Support of CRUDEOIL are 4980.1/4957.8/4922.2/4903.7/4868.8/4834

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