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 Crudeoil
is in HOLD LONG position.Positionally
Support for the Crudeoil is 5736-5721-5608-5408-5264-5214-. Immediate
resistance for Crudeoil is 5982
Short
term and Intraday Level of CRUDEOIL
Currently
Crudeoil is in HOLD LONG position Crudeoil is in sideways and sellers was at
high so for short term better buy above 6020.1 or hold with stop at 5712.0 The
next resistance will be at 5958.0 The Crudeoil is now trading is approaching
overbought level. The oscillator is on SELL signal and Crudeoil is coming down
from overbought level
Intraday Trend- Buy is advised only above 6020.1 with a stop at 5877.7 Below 5838.2 go for sell and put stop at 5980.5
Intraday Resistance of CRUDEOIL are 6008.1 : 6073.8 : 6045.1 : 6061.2
Intraday Support of CRUDEOIL are 5849.9 : 5784.2 : 5814.1 : 5798.2
Intraday Trend- Buy is advised only above 6020.1 with a stop at 5877.7 Below 5838.2 go for sell and put stop at 5980.5
Intraday Resistance of CRUDEOIL are 6008.1 : 6073.8 : 6045.1 : 6061.2
Intraday Support of CRUDEOIL are 5849.9 : 5784.2 : 5814.1 : 5798.2
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