Trend updated for-Jan/19/2014.CMP-3021 Overall trend of the Crudeoil is bearish for medium-long term Currently Crudeoil is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Crudeoil is now trading in highly oversold level. The Crudeoil is now trading in highly oversold level. The oscillator is showing BUY signal For short term Crudeoil is in SELL position.Positionally Support for the Crudeoil is 2982-.Resistance for the Crudeoil is 3142-3327-3886-4306-4660-
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