Crudeoil is bearish for medium-long term .Currently Crudeoil is moving sideways The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the Crudeoil if it close above6129 or buy with strict stop at 5738. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Crudeoil is 5904-5889-5888-.Resistance for the Crudeoil is 6096-6386-6447-
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 5950 The Crudeoil is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 6114.6 with a stop at 5987.8 Below 5953.7 go for sell with a stop at 6080.3
Intraday Resistance of CRUDEOIL are 6060.9 : 6083.2 : 6134.7 : 6151.1 : 6167.4
Intraday Support of CRUDEOIL are 6007.1 : 5984.8 : 5934.1 : 5918 : 5902.1
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