CRUDE OIL TREND FOR TODAY- 12-Dec-2013

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 Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 5928-5919-.Resistance for the Crudeoil is 6060-6315-6431-

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD SHORT position Crudeoil is in sideways so for short term better buy above 6068.0 with stop at 5933.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 6057.3 with a stop at 5986.4 Below 5970.8 go for sell
Intraday Resistance of CRUDEOIL are 6045.2 : 6071.1 : 6130.9 : 6147.2
Intraday Support of CRUDEOIL are 5982.8 : 5956.9 : 5898.2 : 5882.3

 

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