Friday, 5 July 2013

CRUDE OIL TREND FOR TODAY-06-July-2013

23:41   , , , ,   2 comments

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 5890-5821-5709-5471-5303-5249-. Immediate resistance for Crudeoil is 6337
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 6026 The Crudeoil is now trading in highly overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 6444.1 with a stop at 6217.4 Below 6150.4 go for sell with a stop at 6376.8
Intraday Resistance of CRUDEOIL are 6363.8 : 6430.7 : 6541.6 : 6416.6 : 6433.3
Intraday Support of CRUDEOIL are 6230.2 : 6163.3 : 6052.4 : 6178.5 : 6162.2

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