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
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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