CRUDE OIL TREND FOR TODAY- 16-Dec-2013

Crudeoil is bearish for medium-long term .Currently Crudeoil is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is 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 5999-5977-5926-5923-.Resistance for the Crudeoil is 6281-6422-

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 5994 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 6096.8 with a stop at 5996.7 Below 5971.4 go for sell with stop at 6071.4
Intraday Resistance of CRUDEOIL are 6081.9 : 6121.7 : 6151.1 : 6167.4
Intraday Support of CRUDEOIL are 5986.1 : 5946.3 : 5918 : 5902.1

 

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