CRUDE OIL TREND FOR TODAY-05-March-2013

Crudeoil is bearish for medium-long term .Currently Crudeoil is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Crudeoil is in SELL position.Positionally Immediate support for Crudeoil is 4923.Resistance for the Crudeoil is 4995-5059-5062-5119-5150-5162-

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in SELL position Crudeoil has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below4900.6 Buy if above 5092.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 5001.6 with a stop at 4920.8 Below 4900.6 go for sell
Intraday Resistance of CRUDEOIL are 4987.7/5018.1/5055.5/5074.3/5110/5145.8
Intraday Support of CRUDEOIL are 4914.3/4883.9/4828/4793.4

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