Thursday, 23 January 2014

CRUDE OIL TREND FOR TODAY- 23-Jan-2014

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 and the positive trend is still continuing. 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 in HOLD LONGposition.Positionally Support for the Crudeoil is 5968-5937-5931-5797-5767-.Resistance for the Crudeoil is 6184-
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD LONG position In short term Crudeoil is in strong up trend so hold with stop at 5840 The Crudeoil is now trading in highly overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 6082.2 with a stop at 5974 Below 5946 go for sell with a stop at 6054.1
Intraday Resistance of CRUDEOIL are 6069.5 : 6115.5 : 6130.9 : 6147.2
Intraday Support of CRUDEOIL are 5958.5 : 5912.5 : 5898.2 : 5882.3

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