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
oscillator is on SELL signal and Crudeoil is coming down from overbought level
For short term Crudeoil is in HOLD LONG position.Positionally
Support for the Crudeoil is 5251-5248-5219-5097-5093-5087-. Immediate
resistance for Crudeoil is 5400
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 5297.0 The
oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 5359.5 with a stop at 5245.6 Below 5214.8 go for sell and put stop at 5328.5
Intraday Resistance of CRUDEOIL are 5348.8 : 5400.1 : 5396.6 : 5411.9
Intraday Support of CRUDEOIL are 5225.2 : 5173.9 : 5178.5 : 5163.5
Intraday Trend- Buy is advised only above 5359.5 with a stop at 5245.6 Below 5214.8 go for sell and put stop at 5328.5
Intraday Resistance of CRUDEOIL are 5348.8 : 5400.1 : 5396.6 : 5411.9
Intraday Support of CRUDEOIL are 5225.2 : 5173.9 : 5178.5 : 5163.5
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