CRUDE OIL TREND FOR TODAY-22-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 Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 6302-6267-6054-5735-5518-5406-. Immediate resistance for Crudeoil is 6524

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD LONG position Crudeoil is moving sideways so short term investor better to buy only above 6498.0 with stop at 6226.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 6488.4 with a stop at 6363 Below 6329.9 go for sell
Intraday Resistance of CRUDEOIL are 6475.5 : 6530.6 : 6529.6 : 6546.5
Intraday Support of CRUDEOIL are 6342.5 : 6287.4 : 6289.5 : 6273

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