Friday, 2 August 2013

CRUDE OIL TREND FOR TODAY-03-Aug-2013

Crudeoil is in perfect uptrend .Currently Crudeoil is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 6317-6310-6294-5967-5718-5530-. Immediate resistance for Crudeoil is 6664
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD LONG position In short term Crudeoil is in strong up trend so hold with stop at 6404 The Crudeoil is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 6608.7 with a stop at 6470.8 Below 6433.6 go for sell with stop at 6571.4
Intraday Resistance of CRUDEOIL are 6595.5 : 6657.4 : 6642.7 : 6659.7
Intraday Support of CRUDEOIL are 6446.5 : 6384.6 : 6400.4 : 6383.8

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