Crudeoil is bearish for medium-long term .Currently Crudeoil is in strong downtrend 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 HOLD SHORT position.Positionally Immediate support for Crudeoil is 5913.Resistance for the Crudeoil is 6193-6261-6364-6500-6632-6711-
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in SELL position Crudeoil has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below5932.3 Buy if above 6262.0 The Crudeoil is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 6067.9 with a stop at 5960.2 Below 5932.3 go for sell
Intraday Resistance of CRUDEOIL are 6055.8 : 6102.1 : 6116.8 : 6133
Intraday Support of CRUDEOIL are 5944.2 : 5897.9 : 5884.4 : 5868.4
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