Crudeoil is bearish for medium-long term .Currently Crudeoil is in strong downtrend 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 oscillator is showing SELL signal For short term Crudeoil is in HOLD SHORT position.Positionally Immediate support for Crudeoil is 5744.Resistance for the Crudeoil is 5954-5967-6006-6256-6489-6517-
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD SHORT position Crudeoil is showing some Up momentum So buy above 5916.0 with stop at 5767.0 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 5973.8 with a stop at 5879.8 Below 5856.4 go for sell and put stop at 5950.3
Intraday Resistance of CRUDEOIL are 5961.9 : 6000.8 : 6030.9 : 6047.1
Intraday Support of CRUDEOIL are 5868.1 : 5829.2 : 5800.2 : 5784.4
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