Friday, 12 July 2013

CRUDE OIL TREND FOR TODAY-13-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 SELL signal For short term The current position is BUY .Positionally Support for the Crudeoil is 6200-6062-5898-5603-5398-5329-. Immediate resistance for Crudeoil is 6466
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in BUY position Crudeoil has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 6442.1 with stop at 6156.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 6442.1 with a stop at 6281.3 Below 6236.3 go for sell and put stop at 6396.9
Intraday Resistance of CRUDEOIL are 6384.9 : 6423 : 6459 : 6475.7
Intraday Support of CRUDEOIL are 6293.1 : 6255 : 6220.1 : 6203.7

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