CRUDE OIL TREND FOR TODAY-09-March-2013

Crudeoil is bearish for medium-long term .Currently Crudeoil is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Crudeoil is now trading in oversold level. The Crudeoil is now trading in oversold level. 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 5008-5016-5054-5069-5121-5152-

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD SHORT position Crudeoil is in down trend so buy above 5003.0 The sell will again come if below 4925.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 5022.9 with a stop at 4947.7 Below 4929.3 go for sell
Intraday Resistance of CRUDEOIL are 4999/5018.2/5063.6/5082.4/5118.1/5153.9
Intraday Support of CRUDEOIL are 4953/4933.8/4889.2/4870.8/4835.9/4801.2

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