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 4905.Resistance for the Crudeoil is
5001-5033-5065-5083-5134-5157-
Short
term and Intraday Level of CRUDEOIL
Currently Crudeoil is in SELL position The Crudeoil is in downtrend
For short term buy only if close above 5003.0 The Crudeoil is now trading in
highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 4990.5 with a stop at 4909.9 Below 4889.7 go for sell
Intraday Resistance of CRUDEOIL are 4986/5024.3/5064.2/5099.8/5135.6
Intraday Support of CRUDEOIL are 4894/4855.7/4818.2/4783.5
Intraday Trend- Buy is advised above 4990.5 with a stop at 4909.9 Below 4889.7 go for sell
Intraday Resistance of CRUDEOIL are 4986/5024.3/5064.2/5099.8/5135.6
Intraday Support of CRUDEOIL are 4894/4855.7/4818.2/4783.5
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