Crudeoil is bearish for medium-long term .Currently Crudeoil is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is on BUY Signal and Crudeoil is recovering from oversold level For short term Crudeoil is in HOLD SHORT position.Positionally Support for the Crudeoil is 5953-5921-.Resistance for the Crudeoil is 6103-6413-6516-6564-
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD LONG position In short term Crudeoil is in strong up trend so hold with stop at 5937 The Crudeoil is now trading in highly overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 6100.3 with a stop at 6009.9 Below 5987.9 go for sell with a stop at 6078.2
Intraday Resistance of CRUDEOIL are 6088.1 : 6124.7 : 6161.2 : 6177.5
Intraday Support of CRUDEOIL are 5999.9 : 5963.3 : 5927.9 : 5911.9
To Get Free Tips:
Bullion Tips |Commodity Tips |Mcx Tips
0 comments :
Post a Comment