CRUDE OIL TREND FOR TODAY-05-July-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 Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 5832-5780-5672-5448-5287-5236-. Immediate resistance for Crudeoil is 6198

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD LONG position Crudeoil is moving sideways so short term investor better to buy only above 6173.0 with stop at 5712.0 The Crudeoil is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 6216.5 with a stop at 5998.4 Below 5934.1 go for sell
Intraday Resistance of CRUDEOIL are 6104 : 6128.1 : 6176.1 : 6192.5 : 6208.9
Intraday Support of CRUDEOIL are 6046 : 6021.9 : 5974.7 : 5958.6 : 5942.6

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