CRUDE OIL TREND FOR TODAY-03-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 .. The oscillator is on SELL signal and Crudeoil is coming down from overbought level For short term The current position is BUY.Positionally Support for the Crudeoil is 7087-6964-6750-6522-6228-5976-. Immediate resistance for Crudeoil is 7815

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD SHORT position The Crudeoil is in downtrend For short term buy only if close above 7279.0 Selling pressure seems to be deceasing So Short term sellers have to take a cautious approach.Short only below 7015.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 7340.1 with a stop at 7117 Below 7052.4 go for sell and put stop at 7275.3
Intraday Resistance of CRUDEOIL are 7254.9 : 7313.7 : 7411.4 : 7323.8 : 7341.6
Intraday Support of CRUDEOIL are 7137.1 : 7078.3 : 6980.6 : 7069.3 : 7051.8

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