CRUDE OIL TREND FOR TODAY-27-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 . 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 BUY signal For short term The current position is BUY .Positionally Support for the Crudeoil is 6731-6617-6526-6351-6068-5840-. Immediate resistance for Crudeoil is 6955

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD LONG position Crudeoil is in profit booking mode so hold with stop at 6784 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 6924.7 with a stop at 6832.9 Below 6811.5 go for sell and put stop at 6903.2
Intraday Resistance of CRUDEOIL are 6910.9 : 6946.4 : 6992.9 : 7010.3
Intraday Support of CRUDEOIL are 6825.1 : 6789.6 : 6744.3 : 6727.2

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