Friday, 19 April 2013

CRUDE OIL TREND FOR TODAY-20-April-2013


Crudeoil is bearish for medium-long term .Currently Crudeoil is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Crudeoil. The Crudeoil is now trading in oversold level. The Crudeoil is now trading in oversold level. The oscillator is showing SELL signal For short term Crudeoil is in SELL position.Positionally Immediate support for Crudeoil is 4645.Resistance for the Crudeoil is 4937-5003-5080-5099-5106-5123-
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 4792.0 The Crudeoil is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 4820.7 with a stop at 4743 Below 4723.5 go for sell
Intraday Resistance of CRUDEOIL are 4799.4/4822.1/4865.2/4883.6/4918.6/4953.7
Intraday Support of CRUDEOIL are 4744.6/4721.9/4694.3/4676.2/4642.1/4608.1

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