CRUDE OIL TREND FOR TODAY-01-Oct-2013

Crudeoil is in long- term bull phase .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 BUY signal For short term Crudeoil is in HOLD SHORT position.Positionally Support for the Crudeoil is 6322-.Resistance for the Crudeoil is 6583-6629-6686-6804-6893-

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 6582.0 or hold with stop at 6370.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 6570.2 with a stop at 6368.7 Below 6310.2 go for sell
Intraday Resistance of CRUDEOIL are 6497.4 : 6545.1 : 6560.9 : 6577.8
Intraday Support of CRUDEOIL are 6382.6 : 6334.9 : 6320.2 : 6303.7

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