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 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 5933.Resistance for the Crudeoil is 6227-6291-6397-6498-6638-6726-
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 6171.0 The Crudeoil is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 6090.4 with a stop at 5974.4 Below 5943.8 go for sell
Intraday Resistance of CRUDEOIL are 6078.3 : 6129.1 : 6133.9 : 6150.2
Intraday Support of CRUDEOIL are 5955.7 : 5904.9 : 5901.2 : 5885.2
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