Thursday, 7 March 2013

CRUDE OIL TREND FOR TODAY-08-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 4905.Resistance for the Crudeoil is 5004-5024-5067-5068-5127-5155-

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 5001.0 The Crudeoil is now trading is approaching oversold level. The oscillator is on BUY Signal and Crudeoil is recovering from oversold level
Intraday Trend- Buy is advised only above 5026.9 with a stop at 4951.6 Below 4933.2 go for sell and put stop at 5008.4
Intraday Resistance of CRUDEOIL are 5014.7/5043.5/5080.7/5116.4/5152.2
Intraday Support of CRUDEOIL are 4945.3/4916.5/4887.5/4869.1/4834.3/4799.6

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