Crudeoil is bearish for medium-long term .Currently Crudeoil is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing SELL signal For short term Crudeoil is in HOLD SHORT position and closed above 1 week high with volume signals up breakout.Positionally Support for the Crudeoil is 5952-5931-5915-.Resistance for the Crudeoil is 6240-6486-6511-
Short term and Intraday Level of CRUDEOIL
Crudeoil closed above 1 week high with volume signals up breakoutCurrently Crudeoil is in HOLD LONG position Crudeoil has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 6151.1 with stop at 5767.0 The Crudeoil is now trading is approaching oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 6151.1 with a stop at 6002.6 Below 5961.3 go for sell and put stop at 6109.6
Intraday Resistance of CRUDEOIL are 6138.2 : 6206.5 : 6173.3 : 6189.6
Intraday Support of CRUDEOIL are 5973.8 : 5905.5 : 5939.8 : 5923.8
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