Crudeoil is in long- medium-
short-medium- term bull phase .Currently Crudeoil is showing some down move and
trend is strong momentum is also showing strength but volume is unsatisfactory
The open interest is not increasing with trend .. The oscillator is showing
SELL signal For short term Crudeoil is in SELL position.Positionally Support for the
Crudeoil is 5110-5096-5049-.Resistance for the Crudeoil is 5212-5222-
Short term and Intraday Level of CRUDEOIL
Currently
Crudeoil is in HOLD SHORT position Crudeoil is moving sideways with low
volatality so short term investor better to buy if close above 5223.0 close
below 5056.0 Sell will happen. The Crudeoil is now trading in highly oversold
level. The oscillator is showing BUY signal
Intraday Trend-Intraday better to buy above 5212.2 and Sell if below5054.1
Intraday Resistance of CRUDEOIL are 5170.6/5201.8/5261.1/5297.4
Intraday Support of CRUDEOIL are 5095.4/5064.2/5029/5010.3/4974.9/4939.7
Intraday Trend-Intraday better to buy above 5212.2 and Sell if below5054.1
Intraday Resistance of CRUDEOIL are 5170.6/5201.8/5261.1/5297.4
Intraday Support of CRUDEOIL are 5095.4/5064.2/5029/5010.3/4974.9/4939.7
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