CRUDE OIL TREND FOR TODAY-29-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. The Crudeoil is now trading in overbought level. The Crudeoil is now trading in overbought level. The oscillator is showing SELL signal For short term The current position is BUY .Positionally Support for the Crudeoil is 6877-6755-6616-6412-6121-5885-. Immediate resistance for Crudeoil is 7815

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD LONG position In Crudeoil is in up trend but last day trend was weak so adhere to stop at 7005 The Crudeoil is now trading is approaching overbought level. The oscillator is showing SELL signal
Intraday Trend- Sell if open below 7200.4 with stop loss at 7494.2 Buy is advised only above 7626.7
Intraday Resistance of CRUDEOIL are 7479.2 : 7611.4 : 7830.9 : 7476.1 : 7494.1
Intraday Support of CRUDEOIL are 7214.8 : 7082.6 : 6863.1 : 7219 : 7201.3

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