Monday, 2 September 2013

CRUDE OIL TREND FOR TODAY-02-Sep-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 7042-6919-6723-6500-6203-5954-. Immediate resistance for Crudeoil is 7815
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD SHORT position Crudeoil is moving sideways with low volatality so short term investor better to buy if close above 7784.0 close below 6882.0 Sell will happen. The oscillator is showing SELL signal
Intraday Trend-Intraday better to buy above 7462.5 and Sell if below7030.3
Intraday Resistance of CRUDEOIL are 7281.8 : 7311.5 : 7374.2 : 7392.1
Intraday Support of CRUDEOIL are 7210.2 : 7180.5 : 7118.9 : 7101.3

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