Thursday, 11 April 2013

CRUDE OIL TREND FOR TODAY-12-April-2013


Crudeoil is in long- term bull phase .Currently Crudeoil is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Crudeoil is in SELL position.Positionally Support for the Crudeoil is 5058-.Resistance for the Crudeoil is 5134-5151-5161-5174-5214-
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD LONG position The Crudeoil is in downtrend For short term buy only if close above 5146.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 5143.6 with a stop at 5050.7 Below 5026.6 go for sell
Intraday Resistance of CRUDEOIL are 5133.3/5173.4/5206/5242.1/5278.4
Intraday Support of CRUDEOIL are 5036.7/4996.6/4956.5/4921.4

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