Monday 16 September 2013

CRUDE OIL TREND FOR TODAY-16-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 6692-6454-6180-.Resistance for the Crudeoil is 7041-7060-7145-
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD LONG position Crudeoil is moving sideways so short term investor better to buy if close above 7037.0 closing below 6778.0 Sell will happen. The Crudeoil is now trading is approaching oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 7036.8 with a stop at 6856.4 Below 6805.6 go for sell and put stop at 6985.8
Intraday Resistance of CRUDEOIL are 6965.1 : 7001.8 : 7046.4 : 7063.8
Intraday Support of CRUDEOIL are 6876.9 : 6840.2 : 6796.8 : 6779.6

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