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 .. 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 SELL position.Positionally Immediate support for Crudeoil is 5913.Resistance for the Crudeoil is 6157-6219-6319-6509-6624-6685-
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD SHORT position Crudeoil is showing some Up momentum So buy above 6066.0 with stop at 5937.0 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 6149.8 with a stop at 6054.1 Below 6030.4 go for sell and put stop at 6126
Intraday Resistance of CRUDEOIL are 6137.5 : 6177 : 6207.6 : 6224
Intraday Support of CRUDEOIL are 6042.5 : 6003 : 5973.5 : 5957.4
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