CRUDE OIL TREND FOR TODAY-05-Aug-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 . In last few days lot of positive accumulation happened in the Crudeoil Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 6336-6323-6312-5992-5736-5543-. 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 6478 The Crudeoil is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 6610.8 with a stop at 6472.7 Below 6435.5 go for sell with a stop at 6573.4
Intraday Resistance of CRUDEOIL are 6547.6 : 6568 : 6627.7 : 6644.7 : 6661.7
Intraday Support of CRUDEOIL are 6498.4 : 6478 : 6419.1 : 6402.4 : 6385.8

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