Thursday 29 August 2013

CRUDE OIL TREND FOR TODAY-30-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 6947-6825-6663-6446-6150-5908-. Immediate resistance for Crudeoil is 7815
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD LONG position Crudeoil has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 7740.8 with stop at 6830.0 The Crudeoil is now trading is approaching overbought level. The oscillator is on SELL signal and Crudeoil is coming down from overbought level
Intraday Trend- Buy is advised only above 7740.8 with a stop at 7308.2 Below 7174.2 go for sell and put stop at 7606.4
Intraday Resistance of CRUDEOIL are 7565 : 7654.7 : 7587.1 : 7605.2
Intraday Support of CRUDEOIL are 7349 : 7259.3 : 7328 : 7310.2

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