Sunday, 7 July 2013

CRUDE OIL TREND FOR TODAY-08-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 5958-5859-5747-5495-5320-5263-. Immediate resistance for Crudeoil is 6466
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 6149 Very Short term investor please cautious on Crudeoil as it is moving with low volatality The Crudeoil is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 6459.9 with a stop at 6315.8 Below 6276.4 go for sell with a stop at 6420.3
Intraday Resistance of CRUDEOIL are 6439.7 : 6499.2 : 6488.3 : 6505
Intraday Support of CRUDEOIL are 6296.3 : 6236.8 : 6248.9 : 6232.4

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1 comments :

  1. today market can recover morning loss because of broadly higher opening by European market which open above more than 1% today..... get whole market updates click on INDIAN STOCK MARKET and FREE STOCK TIPS

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