CRUDE OIL TREND FOR TODAY- 17-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 5995-5990-5932-5926-.Resistance for the Crudeoil is 6266-6417-

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD LONG position Crudeoil is in profit booking mode so hold with stop at 5984 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 6074.4 with a stop at 5997.3 Below 5979.7 go for sell and put stop at 6056.7
Intraday Resistance of CRUDEOIL are 6062.3 : 6091.6 : 6144 : 6160.3
Intraday Support of CRUDEOIL are 5991.7 : 5962.4 : 5911.1 : 5895.1

 

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