CRUDE OIL TREND FOR TODAY-07-Oct-2013

Crudeoil is in long- term bull phase .Currently Crudeoil is in strong downtrend with good momentum 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 Support for the Crudeoil is 6356-.Resistance for the Crudeoil is 6496-6590-6647-6794-6799-

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 6452.0 The Crudeoil is now trading is approaching oversold level. The oscillator is on BUY Signal and Crudeoil is recovering from oversold level
Intraday Trend- Buy is advised above 6460.5 with a stop at 6342.5 Below 6311.7 go for sell
Intraday Resistance of CRUDEOIL are 6436.1 : 6477.6 : 6506.4 : 6523.2
Intraday Support of CRUDEOIL are 6335.9 : 6294.4 : 6266.7 : 6250.2

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