CRUDE OIL TREND FOR TODAY-10-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 The current position is BUY .Positionally Support for the Crudeoil is 6040-5928-5804-5536-5350-5288-. Immediate resistance for Crudeoil is 6466

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD LONG position Crudeoil is in profit booking mode so better sell and enter at lower level 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 above 6287.1 with a stop at 6163.9 Below 6131.1 go for sell
Intraday Resistance of CRUDEOIL are 6274.6 : 6329 : 6327.8 : 6344.3
Intraday Support of CRUDEOIL are 6143.4 : 6089 : 6091.4 : 6075.1

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