Crudeoil is in long- medium- short-medium- term bull phase .Currently
Crudeoil is in strong uptrend but volume is unsatisfactory The open interest is
not increasing with trend . Cautious point is buying at higer levels seems
decreasing. The oscillator is on SELL signal and Crudeoil is coming down from
overbought level For short term Crudeoil is in HOLD LONG position.Positionally
Support for the Crudeoil is 6160-5818-5596-5455-.Resistance for the Crudeoil is
6346-6359-
Short
term and Intraday Level of CRUDEOIL
Currently
Crudeoil is in HOLD SHORT position
The Crudeoil was in downtrend but yesterday market closed in confusion so book
short if any or hold with tight stop at 6358.0 If trades and sustain above
6270.0 it is a covering signal The oscillator is showing SELL signal
Intraday Trend-The Crudeoil closed in a confusion manner So sell for intraday Only below 6195.4 with a stop at 6300.2 If opens above 6300.2 or trade above 6326.8 go for buy with stop at 6221.9
Intraday Resistance of CRUDEOIL are 6314.2 : 6358.4 : 6380.3 : 6396.9
Intraday Support of CRUDEOIL are 6207.8 : 6163.6 : 6142.9 : 6126.6
Intraday Trend-The Crudeoil closed in a confusion manner So sell for intraday Only below 6195.4 with a stop at 6300.2 If opens above 6300.2 or trade above 6326.8 go for buy with stop at 6221.9
Intraday Resistance of CRUDEOIL are 6314.2 : 6358.4 : 6380.3 : 6396.9
Intraday Support of CRUDEOIL are 6207.8 : 6163.6 : 6142.9 : 6126.6
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