Friday, 27 September 2013

CRUDE OIL TREND FOR TODAY-27-Sep-2013

Crudeoil is in long- term bull phase .Currently Crudeoil is in strong downtrend but volume is unsatisfactory 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 6298-.Resistance for the Crudeoil is 6610-6655-6748-6796-6966-
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 6525.0 The Crudeoil is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 6453.3 with a stop at 6370 Below 6350.9 go for sell
Intraday Resistance of CRUDEOIL are 6440.4 : 6472.2 : 6522.6 : 6539.4
Intraday Support of CRUDEOIL are 6363.6 : 6331.8 : 6282.5 : 6266.1

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