Crudeoil is bearish for medium-long term .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 .. The Crudeoil is now trading
in oversold level. The Crudeoil is now trading in oversold level. The
oscillator is showing BUY signal For short term Crudeoil is in SELL position.Positionally
Support for the Crudeoil is 4914-4826-.Resistance for the Crudeoil is
5062-5074-5106-5111-
Short
term and Intraday Level of CRUDEOIL
Currently
Crudeoil is in HOLD LONG position In short term Crudeoil is in strong up
trend so hold with stop at 4808 The Crudeoil is now trading is approaching
overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 5040.9 with a stop at 4917.7 Below 4883.4 go for sell with a stop at 5006.4
Intraday Resistance of CRUDEOIL are 4994.4/5026.8/5080.6/5070.1/5105.7
Intraday Support of CRUDEOIL are 4929.6/4897.2/4843.4/4789.3/4754.7
Intraday Trend- Buy is advised above 5040.9 with a stop at 4917.7 Below 4883.4 go for sell with a stop at 5006.4
Intraday Resistance of CRUDEOIL are 4994.4/5026.8/5080.6/5070.1/5105.7
Intraday Support of CRUDEOIL are 4929.6/4897.2/4843.4/4789.3/4754.7
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