CRUDE OIL TREND FOR TODAY-28-Sep-2013

Crudeoil is in long- term bull phase .Currently Crudeoil is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. 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 6311-.Resistance for the Crudeoil is 6615-6620-6713-6801-6934-

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD SHORT position The Crudeoil is in downtrend For short term buy only if close above 6530.0 The Crudeoil is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 6665.1 with a stop at 6460.6 Below 6401.4 go for sell and put stop at 6605.6
Intraday Resistance of CRUDEOIL are 6592.4 : 6651.8 : 6750.4 : 6654.8 : 6671.8
Intraday Support of CRUDEOIL are 6473.6 : 6414.2 : 6315.6 : 6412.3 : 6395.7

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