Friday, 6 September 2013

CRUDE OIL TREND FOR TODAY-06-Sep-2013

00:26   , ,   5 comments

Crudeoil is in long- medium- short-medium- short- term bull phase .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 Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 7068-6842-6584-6305-6039-.Resistance for the Crudeoil is 7282-
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 7321.8 with stop at 7015.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 7321.8 with a stop at 7133.6 Below 7080.6 go for sell and put stop at 7268.6
Intraday Resistance of CRUDEOIL are 7307.2 : 7395.3 : 7328.9 : 7346.7
Intraday Support of CRUDEOIL are 7094.8 : 7006.7 : 7074.3 : 7056.8

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