Trend updated for-Jan/21/2015.CMP-2941 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 HOLD SHORT position.Positionally Immediate support for Crudeoil is 2793.Resistance for the Crudeoil is 2970-3080-3274-3811-4235-4604-
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