Crudeoil is in long- short-medium- short- term bull phase
.Currently Crudeoil is showing some up move after small correction and trend is
strong momentum is also showing strength and supported with good volume The
open interest is not increasing with trend . Caution note buying at higer
levels seems decreasing. The oscillator is showing BUY signal For short term
The current position is BUY .Positionally Support for the Crudeoil is
5021-5012-4997-4992-.Resistance for the Crudeoil is 5109-5135-
Short
term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD LONG position Crudeoil is moving sideways so short term
investor better to buy only above 5166.0 or hold with stop at 4973.0 The
Crudeoil is now trading is approaching overbought level. The oscillator is
showing SELL signal
Intraday Trend- Buy is advised above 5115.4 with a stop at 5067.7 Below 5058.6 go for sell
Intraday Resistance of CRUDEOIL are 5135.2/5175.2/5218.1/5254.3/5290.6
Intraday Support of CRUDEOIL are 5038.8/4998.8/4968.4/4933.2
Intraday Trend- Buy is advised above 5115.4 with a stop at 5067.7 Below 5058.6 go for sell
Intraday Resistance of CRUDEOIL are 5135.2/5175.2/5218.1/5254.3/5290.6
Intraday Support of CRUDEOIL are 5038.8/4998.8/4968.4/4933.2
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