Monday, 1 April 2013

CRUDE OIL TREND FOR TODAY-02-April-2013


Crudeoil is in perfect uptrend .Currently Crudeoil is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position isBUY .Positionally Support for the Crudeoil is 5178-5128-5103-5099-5064-5028-. Immediate resistance for Crudeoil is 5539

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD LONG position In short term Crudeoil is in strong up trend so hold with stop at 5270 The Crudeoil is now trading is approaching overbought level. The oscillator is on SELL signal and Crudeoil is coming down from overbought level
Intraday Trend- Buy is advised above 5379.9 with a stop at 5232.4 Below 5190.4 go for sell with stop at 5337.8
Intraday Resistance of CRUDEOIL are 5324.9/5364.8/5431.1/5454.7/5491.7
Intraday Support of CRUDEOIL are 5245.1/5205.2/5138.9/5163.3/5127.4

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