Tuesday, 29 October 2013

CRUDE OIL TREND FOR TODAY- 30-Oct-2013

Crudeoil is bearish for medium-long term .Currently Crudeoil is in strong downtrend with good momentum 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 6135-6193-6300-6513-6621-6668-

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 6108.0 with stop at 5937.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 6116.5 with a stop at 6021.3 Below 5997.7 go for sell
Intraday Resistance of CRUDEOIL are 6092.6 : 6122.2 : 6174.3 : 6190.7
Intraday Support of CRUDEOIL are 6021.4 : 5991.8 : 5940.8 : 5924.8

 

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