Tuesday, 21 January 2014

CRUDE OIL TREND FOR TODAY- 22-Jan-2014 BY CAPITAL STROKE

Crudeoil is bearish for medium-long term .Currently Crudeoil is moving sideways The Crudeoil is now trading in oversold level. The Crudeoil is now trading in oversold level. The oscillator is showing BUY signal but has moved past its recent high with good volume points to a positive break out . The Crudeoil is now trading in oversold level. The Crudeoil is now trading in oversold level. The oscillator is showing BUY signal For short term Crudeoil is inHOLD LONG position and closed above 1 week high with volume signals up breakout.Positionally Support for the Crudeoil is 5805-5744-.Resistance for the Crudeoil is 5979-5985-6020-6196-
Short term and Intraday Level of CRUDEOIL
Crudeoil closed above 1 week high with volume signals up breakoutCurrently Crudeoil is in HOLD LONG position In short term Crudeoil is in strong up trend so hold with stop at 5786 The Crudeoil is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 6018.9 with a stop at 5867.8 Below 5825.5 go for sell with a stop at 5976.4
Intraday Resistance of CRUDEOIL are 6006.9 : 6077.3 : 6038 : 6054.2
Intraday Support of CRUDEOIL are 5837.1 : 5766.7 : 5807.1 : 5791.3

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