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 . 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 SELL position.Positionally Support for the Crudeoil is 5943-.Resistance for the Crudeoil is 6031-6153-6490-6521-6585-
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in SELL position The Crudeoil is in downtrend For short term buy only if close above 5931.0 The Crudeoil is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 6068 with a stop at 5913.7 Below 5870.4 go for sell and put stop at 6024.5
Intraday Resistance of CRUDEOIL are 6051.8 : 6120.6 : 6085.5 : 6101.7
Intraday Support of CRUDEOIL are 5886.2 : 5817.4 : 5853.7 : 5837.8
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