Crudeoil is in long- medium- short-medium- short- term
bull phase .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 on SELL
signal and Crudeoil is coming down from overbought level For short term The
current position is BUY and Crudeoil closed below 1 week low with volume
signals down breakout.Positionally Support for the Crudeoil is
5157-5108-5101-5083-5036-.Resistance for the Crudeoil is 5256-
Short
term and Intraday Level of CRUDEOIL
Crudeoil and closed below 1
week low with volume signals down breakoutCurrently Crudeoil is in HOLD SHORT position Crudeoil has formed a new 5 day low
yesterday but failed to keep the trend so if selling has to considered better
below5128 Buy if above 5517.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 5270.2 with a stop at 5158.3 Below 5128 go for sell
Intraday Resistance of CRUDEOIL are 5227.2/5255.3/5302.1/5338.4/5375/5411.7
Intraday Support of CRUDEOIL are 5170.8/5142.7/5095.9/5085.7/5050.1
Intraday Trend- Buy is advised above 5270.2 with a stop at 5158.3 Below 5128 go for sell
Intraday Resistance of CRUDEOIL are 5227.2/5255.3/5302.1/5338.4/5375/5411.7
Intraday Support of CRUDEOIL are 5170.8/5142.7/5095.9/5085.7/5050.1
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