CRUDE OIL TREND FOR TODAY-11-Sep-2013

Crudeoil is in long- medium- term bull phase .Currently Crudeoil is showing some down move and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend . Caution note selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Crudeoil is in HOLD SHORT position and Crudeoil closed below 1 week low with volume signals down breakout.Positionally Support for the Crudeoil is 6645-6386-6113-.Resistance for the Crudeoil is 7009-7203-

Short term and Intraday Level of CRUDEOIL

Crudeoil and closed below 1 week low with volume signals down breakoutCurrently Crudeoil is in HOLD SHORT position The Crudeoil is in downtrend For short term buy only if close above 7138.0 The Crudeoil is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 7003.2 with a stop at 6745.9 Below 6669.4 go for sell
Intraday Resistance of CRUDEOIL are 6907.4 : 6978.7 : 7097.2 : 6960.6 : 6977.9
Intraday Support of CRUDEOIL are 6764.6 : 6693.3 : 6574.8 : 6712.5 : 6695.5

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