CRUDE OIL TREND FOR TODAY-17-July-2013

Crudeoil is in long- medium- short-medium- short- term bull phase .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 Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 6157-5978-5668-5452-5366-.Resistance for the Crudeoil is 6327-

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD SHORT position The Crudeoil is in downtrend For short term buy only if close above 6370.0 Selling pressure seems to be deceasing so Short term investor with risk aptitude can enter again if it close above 6390.0 but caution- close Below low5 fresh selling can occur The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 6316.5 with a stop at 6198.6 Below 6167.7 go for sell
Intraday Resistance of CRUDEOIL are 6303.9 : 6355.3 : 6361.1 : 6377.7
Intraday Support of CRUDEOIL are 6180.1 : 6128.7 : 6124.1 : 6107.8

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