CRUDE OIL TREND FOR TODAY- 13-Dec-2013

Crudeoil is bearish for medium-long term .Currently Crudeoil is showing some up move after small correction and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Crudeoil is 6005-5958-5925-5920-.Resistance for the Crudeoil is 6300-6427-

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD LONG position Crudeoil has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 6155 with stop at 5933.0 The Crudeoil is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 6155 with a stop at 6035 Below 6003.2 go for sell and put stop at 6123.1
Intraday Resistance of CRUDEOIL are 6142.7 : 6195.7 : 6196.5 : 6212.9
Intraday Support of CRUDEOIL are 6015.3 : 5962.3 : 5962.6 : 5946.6

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