Wednesday, 19 February 2014

CRUDE OIL TREND FOR TODAY- 20-Feb-2014

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 . Cautious point is buying at higer levels seems decreasing. The Crudeoil is now trading in overbought level. The Crudeoil is now trading in overbought level. The oscillator is showing SELL signal For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 6209-6169-6087-6029-6025-5992-. Immediate resistance for Crudeoil is 6453
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 6472 with stop at 6156.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 6472 with a stop at 6366.7 Below 6340.2 go for sell and put stop at 6445.4
Intraday Resistance of CRUDEOIL are 6440.7 : 6469.4 : 6526.6 : 6543.4
Intraday Support of CRUDEOIL are 6371.3 : 6342.6 : 6286.5 : 6270

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