CRUDE OIL TREND FOR TODAY-17-Jun-2013

Crudeoil is in perfect uptrend .Currently Crudeoil is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Crudeoil is now trading in overbought level. The Crudeoil is now trading in overbought level. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Crudeoil is 5510-5425-5358-5189-5162-5133-. Immediate resistance for Crudeoil is 5725

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD LONG position Crudeoil has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 5711.8 with stop at 5492.0 The Crudeoil is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 5711.8 with a stop at 5633 Below 5614.4 go for sell and put stop at 5693
Intraday Resistance of CRUDEOIL are 5700.3 : 5731.4 : 5776.4 : 5792.3
Intraday Support of CRUDEOIL are 5625.7 : 5594.6 : 5550.7 : 5535.2

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