Trend updated for-Jan/08/2014.CMP-3077 Overall trend of the Crudeoil is bearish for medium-long term Currently Crudeoil is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Crudeoil. The Crudeoil is now trading in highly oversold level. The Crudeoil is now trading in highly oversold level. The oscillator is showing SELL signal For short term Crudeoil is in HOLD SHORT position.Positionally Immediate support for Crudeoil is 2974.Resistance for the Crudeoil is 3359-3444-3623-4163-4564-4854-
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