CRUDE OIL TREND FOR TODAY-14-Sep-2013

Crudeoil is in long- medium- term bull phase .Currently Crudeoil is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . In last few days volume based selling happened in the Crudeoil Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Crudeoil is in SELL position.Positionally Support for the Crudeoil is 6678-6437-6162-.Resistance for the Crudeoil is 7051-7099-7175-

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 7199.0 close below 6778.0 Sell will happen. The Crudeoil is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend-Intraday better to buy above 7028.8 and Sell if below6634
Intraday Resistance of CRUDEOIL are 6931.4 : 7014.7 : 6955.5 : 6972.9
Intraday Support of CRUDEOIL are 6730.6 : 6647.3 : 6707.6 : 6690.6

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