CRUDE OIL TREND FOR TODAY- 13-Nov-2013

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 showing BUY signal For short term Crudeoil is inHOLD SHORT position.Positionally Support for the Crudeoil is 5954-5929-.Resistance for the Crudeoil is 6092-6388-6513-6558-

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 5977 The Crudeoil is now trading in highly overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 6084.6 with a stop at 6001.3 Below 5981.6 go for sell with stop at 6064.8
Intraday Resistance of CRUDEOIL are 6072.4 : 6105.1 : 6150.1 : 6166.4
Intraday Support of CRUDEOIL are 5993.6 : 5960.9 : 5917.1 : 5901.1

 

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