CRUDE OIL TREND FOR TODAY- 04-Feb-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 . 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 5962-5961-5955-5917-.Resistance for the Crudeoil is 6114-6115-

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD LONG position Crudeoil is in profit booking mode so better sell and enter at lower level The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 6156.2 with a stop at 6040.4 Below 6010 go for sell
Intraday Resistance of CRUDEOIL are 6134 : 6176.4 : 6200.6 : 6216.9
Intraday Support of CRUDEOIL are 6032 : 5989.6 : 5966.6 : 5950.5

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