Sunday, 7 April 2013

CRUDE OIL TREND FOR TODAY-08-April-2013


Crudeoil is in long- term bull phase .Currently Crudeoil is moving sideways The oscillator is showing SELL signal .In last 1 month volatality is very less Buy the Crudeoil above 5539 or buy with strict stop at 5016. The oscillator is showing SELL signal For short term Crudeoil is in HOLD SHORTposition.Positionally Support for the Crudeoil is 5044-.Resistance for the Crudeoil is 5137-5140-5152-5206-5249-

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 5182.0 The Crudeoil is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 5176 with a stop at 5067.5 Below 5038.2 go for sell
Intraday Resistance of CRUDEOIL are 5133.3/5159.6/5203.2/5241/5277.3/5313.7
Intraday Support of CRUDEOIL are 5080.7/5054.4/5010.8/4990.7/4955.5
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    CRUDEOIL (20 JAN) TREND: CONSOLIDATE
    RES 1: 5920
    RES 2: 5975
    SUPP 1: 5820
    SUPP 2: 5780
    STRATEGY: SELL ON HIGH


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