CRUDE OIL TREND FOR TODAY-18-July-2013

Crudeoil is in long- medium- short-medium- short- term bull phase .Currently Crudeoil is moving sideways The Crudeoil is now trading in overbought level. The Crudeoil is now trading in overbought level. The oscillator is showing SELL signal .In last 1 month volatality is very less and fresh Buy can be considered in the Crudeoil if it close above6466 or buy with strict stop at 5689. 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 6192-6003-5690-5472-5378-.Resistance for the Crudeoil is 6327-

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD SHORT position Crudeoil is in sideways and sellers was at high so for short term better buy above 6370.1 or hold with stop at 6226.0 The next resistance will be at 6390.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 6370.1 with a stop at 6251.3 Below 6220.1 go for sell and put stop at 6338.9
Intraday Resistance of CRUDEOIL are 6333 : 6364.6 : 6414.6 : 6431.2
Intraday Support of CRUDEOIL are 6257 : 6225.4 : 6176.6 : 6160.2

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