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 BUY signal For short term Crudeoil is in HOLD SHORT position.Positionally Immediate support for Crudeoil is 6096.Resistance for the Crudeoil is 6334-6378-6482-6506-6649-6773-
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD LONG position Crudeoil is moving sideways so short term investor better to buy only above 6348.0 or hold with stop at 6120.0 The Crudeoil is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 6269.1 with a stop at 6074.1 Below 6017.4 go for sell
Intraday Resistance of CRUDEOIL are 6192.1 : 6241.2 : 6322.7 : 6261.1 : 6277.6
Intraday Support of CRUDEOIL are 6093.9 : 6044.8 : 5963.3 : 6026 : 6009.9
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