Crudeoil is bearish for medium-long term .Currently Crudeoil is in strong downtrend and the trend is supported with good volume 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 5617.Resistance for the Crudeoil is 5895-5996-6001-6037-6069-6285-
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD SHORT position The Crudeoil is in downtrend For short term buy only if close above 5751.0 The Crudeoil is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 5702.5 with a stop at 5627.2 Below 5609.7 go for sell
Intraday Resistance of CRUDEOIL are 5688.9 : 5716.2 : 5769.4 : 5785.2
Intraday Support of CRUDEOIL are 5623.1 : 5595.8 : 5543.8 : 5528.3
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