Crudeoil is bearish for medium-long term .Currently Crudeoil is in strong downtrend and the trend is supported with good volume 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 oscillator is showing SELL signal For short term Crudeoil is in HOLD SHORT position.Positionally Immediate support for Crudeoil is 6287.Resistance for the Crudeoil is 6418-6469-6554-6652-6749-6796-
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD SHORT position Crudeoil is moving sideways so short term investor better to buy only above 6477.0 or hold with stop at 6312.0 The Crudeoil is now trading is approaching oversold level. The oscillator is on BUY Signal and Copper is recovering from oversold level
Intraday Trend- Buy is advised above 6448.5 with a stop at 6333.5 Below 6303.8 go for sell
Intraday Resistance of CRUDEOIL are 6435.6 : 6485.1 : 6496.3 : 6513.1
Intraday Support of CRUDEOIL are 6316.4 : 6266.9 : 6256.8 : 6240.3
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