Crudeoil is bearish for medium-long term .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 . 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 BUY signal For short term Crudeoil is in HOLD SHORT position.Positionally Immediate support for Crudeoil is 6096.Resistance for the Crudeoil is 6295-6340-6451-6492-6647-6756-
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD SHORT position Crudeoil is in sideways so for short term better buy above 6348.0 with stop at 6120.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 6244.8 with a stop at 6137 Below 6109.4 go for sell
Intraday Resistance of CRUDEOIL are 6232.3 : 6278.3 : 6295.5 : 6312
Intraday Support of CRUDEOIL are 6121.7 : 6075.7 : 6059.7 : 6043.5
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