Crudeoil is bearish for medium-long term .Currently Crudeoil is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Crudeoil is in HOLD SHORT position.Positionally Immediate support for Crudeoil is 5748.Resistance for the Crudeoil is 5930-5961-5973-6169-6465-6468-
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD SHORT position The Crudeoil is in downtrend For short term buy only if close above 5935.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 5861.1 with a stop at 5735.3 Below 5701.2 go for sell
Intraday Resistance of CRUDEOIL are 5846.1 : 5900.2 : 5895.6 : 5911.6
Intraday Support of CRUDEOIL are 5715.9 : 5661.8 : 5667.5 : 5651.9
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Crudeoil trading range for the day is 5695-5933.Crude oil held on to losses after a government report showed that U.S. oil supplies rose more-than-expected last week.
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