Crudeoil is in
perfect uptrend .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 Cautious
point is buying at higer levels seems decreasing. The oscillator is showing BUY
signal For short term The current position is BUY .Positionally Support for the
Crudeoil is 6097-5959-5947-5932-5927-5851-. Immediate resistance for Crudeoil
is 6195
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 6058 The
Crudeoil is now trading in highly overbought level. The oscillator is showing
SELL signal
Intraday Trend- Buy is advised above 6206.9 with a stop at 6090 Below 6059.3 go for sell with a stop at 6176.1
Intraday Resistance of CRUDEOIL are 6194.6 : 6245.7 : 6251 : 6267.5
Intraday Support of CRUDEOIL are 6071.4 : 6020.3 : 6016.1 : 6000
Intraday Trend- Buy is advised above 6206.9 with a stop at 6090 Below 6059.3 go for sell with a stop at 6176.1
Intraday Resistance of CRUDEOIL are 6194.6 : 6245.7 : 6251 : 6267.5
Intraday Support of CRUDEOIL are 6071.4 : 6020.3 : 6016.1 : 6000
To Get Free Tips:
Oil prices extended Friday's losses into Monday on fears that emerging-market economies are cooling will demand less fuel and energy going forward. On the New York Mercantile Exchange, West Texas Intermediate crude for delivery in March traded at USD95.72 a barrel during U.S. trading, down 0.96%. New York-traded oil futures hit a session low of USD95.22 a barrel and a high of USD97.17 a barrel.
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