Crudeoil is
bearish for medium-long term .Currently Crudeoil is in strong downtrend with
good momentum but volume is unsatisfactory The open interest is not increasing
with trend . In last few days volume based selling happened in the Crudeoil.
The oscillator is showing SELL signal For short term Crudeoil is in SELL position.Positionally Immediate support for Crudeoil is
5808.Resistance for the Crudeoil is 6015-6086-6089-6109-6114-6341-
Short term and Intraday Level of
CRUDEOIL
Currently
Crudeoil is in HOLD SHORT position Crudeoil has formed a new 5
day low yesterday but failed to keep the trend so if selling has to considered
better below5818 Buy if above 6170.0 The Crudeoil is now trading in highly
oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 5894.1 with a stop at 5831.1 Below 5818 go for sell
Intraday Resistance of CRUDEOIL are 5882.3 : 5904.2 : 5955.3 : 5971.3 : 5987.4
Intraday Support of CRUDEOIL are 5829.7 : 5807.8 : 5757.6 : 5741.8 : 5726
Intraday Trend- Buy is advised above 5894.1 with a stop at 5831.1 Below 5818 go for sell
Intraday Resistance of CRUDEOIL are 5882.3 : 5904.2 : 5955.3 : 5971.3 : 5987.4
Intraday Support of CRUDEOIL are 5829.7 : 5807.8 : 5757.6 : 5741.8 : 5726
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