Monday, 29 July 2013

CRUDE OIL TREND FOR TODAY-29-July-2013

Crudeoil is in long- medium- term bull phase .Currently Crudeoil is showing some down move and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend . Caution note selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Crudeoil is in SELL position.Positionally Support for the Crudeoil is 5854-5626-5475-.Resistance for the Crudeoil is 6241-6336-6342-
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in SELL position Crudeoil is in down trend so buy above 6244.0 The sell will again come if below 6174.0 The Crudeoil is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 6264.2 with a stop at 6160.3 Below 6134 go for sell
Intraday Resistance of CRUDEOIL are 6208.8 : 6217 : 6278 : 6301.1 : 6317.7 : 6334.2
Intraday Support of CRUDEOIL are 6189.2 : 6181 : 6120.5 : 6097.7 : 6081.5 : 6065.3

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