Trend updated for-Jan/23/2015.CMP-2891 Overall trend of the Crudeoil is bearish for medium-long term Currently Crudeoil is moving sideways The Crudeoil is now trading in highly oversold level. The Crudeoil is now trading in highly oversold level. The oscillator is showing BUY signal and has moved down its previous low with good volume points to a negative break out . 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 and Crudeoil closed below 1 week low with volume signals down breakout.Positionally Immediate support for Crudeoil is 2840.Resistance for the Crudeoil is 2941-3018-3218-3738-4166-4546-
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