Sunday, 26 January 2014

CRUDE OIL TREND FOR TODAY- 27-Jan-2014

Crudeoil is bearish for medium-long term .Currently Crudeoil is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Crudeoil. The oscillator is showing BUY signal For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 5964-5936-5932-5846-5816-.Resistance for the Crudeoil is 6163-
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD LONG position Crudeoil has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 6160.1 with stop at 5796.0 The Crudeoil is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 6160.1 with a stop at 6072.9 Below 6052 go for sell and put stop at 6139.2
Intraday Resistance of CRUDEOIL are 6147.9 : 6182.6 : 6223.8 : 6240.2
Intraday Support of CRUDEOIL are 6064.1 : 6029.4 : 5989.4 : 5973.3

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