Wednesday, 31 July 2013

CRUDE OIL TREND FOR TODAY-01-Aug-2013

Crudeoil is in long- medium- short-medium- term bull phase .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 . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Crudeoil is in SELL position.Positionally Support for the Crudeoil is 6230-5893-5657-5495-.Resistance for the Crudeoil is 6333-6336-
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 6200 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 6360.6 with a stop at 6241 Below 6209.6 go for sell with a stop at 6329.1
Intraday Resistance of CRUDEOIL are 6347.9 : 6400.1 : 6404.5 : 6421.1
Intraday Support of CRUDEOIL are 6222.1 : 6169.9 : 6166.6 : 6150.3

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