CRUDE OIL TREND FOR TODAY-19-Oct-2013

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 6315-6364-6480-6487-6648-6766-

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in SELL position Crudeoil is in sideways and sellers was at high so for short term better buy above 6303.5 or hold with stop at 6120.0 The next resistance will be at 6348.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 6303.5 with a stop at 6130.2 Below 6080.9 go for sell and put stop at 6254
Intraday Resistance of CRUDEOIL are 6240.4 : 6280.7 : 6310.6 : 6327.1
Intraday Support of CRUDEOIL are 6143.6 : 6103.3 : 6074.5 : 6058.3

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