CRUDE OIL TREND FOR TODAY-12-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 .. The oscillator is showing SELL signal For short term Crudeoil is inSELL position.Positionally Support for the Crudeoil is 6656-6403-6129-.Resistance for the Crudeoil is 7024-7167-7205-

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in SELL position The Crudeoil is in downtrend For short term buy only if close above 7048.0 The Crudeoil is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 7022.4 with a stop at 6779.7 Below 6708.2 go for sell
Intraday Resistance of CRUDEOIL are 6926.8 : 6978.1 : 6989.8 : 7007.2
Intraday Support of CRUDEOIL are 6803.2 : 6751.9 : 6741.3 : 6724.2

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