CRUDE OIL TREND FOR TODAY- 25-Nov-2013

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 BUY signal For short term Crudeoil is in HOLD SHORT position.Positionally Support for the Crudeoil is 5945-5931-5920-.Resistance for the Crudeoil is 6222-6484-6501-

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 5911 The Crudeoil is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 6085.5 with a stop at 5939.4 Below 5898.8 go for sell with stop at 6044.7
Intraday Resistance of CRUDEOIL are 6048.6 : 6095.6 : 6108.7 : 6124.9
Intraday Support of CRUDEOIL are 5935.4 : 5888.4 : 5876.5 : 5860.5

 

 

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