Trend updated for-Jan/12/2014.CMP-2983 Overall trend of the Crude oil is bearish for medium-long term Currently Crude oil is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Crude oil. The Crude oil is now trading in highly oversold level. The Crude oil is now trading in highly oversold level. The oscillator is showing SELL signal For short term Crude oil is in HOLD SHORT position.Positionally Immediate support for Crude oil is 2933.Resistance for the Crude oil is 3253-3363-3531-4081-4495-4800-
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