Crudeoil is bearish for medium-long term .Currently Crudeoil is moving sideways The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the Crudeoil if it close above6132 or buy with strict stop at 5788. The oscillator is showing BUY signal For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 5953-5928-.Resistance for the Crudeoil is 6078-6365-6510-6552-
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 is approaching overbought level. The oscillator is on SELL signal and Crudeoil is coming down from overbought level
Intraday Trend- Buy is advised above 6059.8 with a stop at 5938.8 Below 5906.5 go for sell with stop at 6027.4
Intraday Resistance of CRUDEOIL are 6040.5 : 6088.2 : 6099.6 : 6115.8
Intraday Support of CRUDEOIL are 5925.5 : 5877.8 : 5867.5 : 5851.6
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