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 5744.Resistance for the Crudeoil is 5913-5950-5962-6152-6452-6462-
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in SELL position The Crudeoil is in downtrend For short term buy only if close above 5880.0 The Crudeoil is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 5858.8 with a stop at 5737.9 Below 5705.4 go for sell and put stop at 5826.2
Intraday Resistance of CRUDEOIL are 5801.7 : 5818.1 : 5880.6 : 5896.6 : 5912.6
Intraday Support of CRUDEOIL are 5762.3 : 5745.9 : 5684.2 : 5668.5 : 5652.9
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