CRUDE OIL TREND FOR TODAY- 17-Jan-2014 BY CAPITAL STROKE

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 . Noting point is selling at lower levels seems decreasing. The Crudeoil is now trading in oversold level. The oscillator is showing SELL signal For short term Crudeoil is in SELL position.Positionally Support for the Crudeoil is 5753-.Resistance for the Crudeoil is 5921-5988-6010-6043-6239-

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD LONG position Crudeoil is moving sideways so short term investor better to buy only above 5829.0 with stop at 5640.0 The Crudeoil is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 5871 with a stop at 5730.4 Below 5691.3 go for sell
Intraday Resistance of CRUDEOIL are 5819.4 : 5851.3 : 5895.6 : 5911.6
Intraday Support of CRUDEOIL are 5742.6 : 5710.7 : 5667.5 : 5651.9

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