Friday, 12 April 2013

CRUDE OIL TREND FOR TODAY-13-April-2013


Crudeoil is bearish for medium-long term .Currently Crudeoil is in strong downtrend with good momentum but volume is unsatisfactory 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 Immediate support for Crudeoil is 4921.Resistance for the Crudeoil is 5101-5131-5143-5150-5159-5202-
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD SHORT position Crudeoil is moving sideways so short term investor better to buy only above 5149.0 or hold with stop at 4941.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 5074 with a stop at 4934.2 Below 4894.3 go for sell
Intraday Resistance of CRUDEOIL are 5024/5063.9/5130.3/5146.1/5182.1
Intraday Support of CRUDEOIL are 4944/4904.1/4837.7/4863.2/4828.4

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