Tuesday, 24 September 2013

CRUDE OIL TREND FOR TODAY-24-Sep-2013

Crudeoil is in long- term bull phase .Currently Crudeoil is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The Crudeoil is now trading in oversold level. The Crudeoil is now trading in oversold level. The oscillator is showing SELL signal For short term Crudeoil is in SELL position.Positionally Support for the Crudeoil is 6263-.Resistance for the Crudeoil is 6584-6782-6785-6895-7036-
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in SELL position Crudeoil has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below6445.2 Buy if above 6874.0 The Crudeoil is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 6625.1 with a stop at 6483.6 Below 6445.2 go for sell
Intraday Resistance of CRUDEOIL are 6611.9 : 6675.7 : 6656.8 : 6673.8
Intraday Support of CRUDEOIL are 6458.1 : 6394.3 : 6414.3 : 6397.7

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