Tuesday, 9 April 2013

CRUDE OIL TREND FOR TODAY-10-April-2013


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
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