Monday 14 January 2013

CRUDEOIL TREND FOR TODAY-15-JAN-2013


Crudeoil is in long- medium- short-medium- short- term bull phase .Currently Crudeoil is moving sideways The Crudeoil is now trading in overbought level. The Crudeoil is now trading in overbought level. The oscillator is showing SELL signal .In last 1 month volatality is very less and fresh Buy can be considered in the Crudeoil if it close above5196 or buy with strict stop at 4942. The Crudeoil is now trading in overbought level. The Crudeoil is now trading in overbought level. The oscillator is showing SELL signal For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 5064-4984-4884-4846-4823-.Resistance for the Crudeoil is 5138-

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD SHORT position Crudeoil has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below5043.1 Buy if above 5175.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 5159.1 with a stop at 5067 Below 5043.1 go for sell
Intraday Resistance of CRUDEOIL are 5148.8/5188.4/5221.8/5258/5294.3
Intraday Support of CRUDEOIL are 5053.2/5013.6/4972/4936.8

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