Tuesday 22 January 2013

CRUDEOIL TREND FOR TODAY-23-JAN-2013


Crudeoil is in perfect uptrend .Currently Crudeoil is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Crudeoil is now trading in highly overbought level. The oscillator is showing SELL signal For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 5125-5117-5061-4926-4846-4840-. Immediate resistance for Crudeoil is 5228

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD LONG position In short term Crudeoil is in strong up trend so hold with stop at 5136 The Crudeoil is now trading is approaching overbought level. The oscillator is on SELL signal and Crudeoil is coming down from overbought level
Intraday Trend- Buy is advised above 5254.7 with a stop at 5170.5 Below 5149.4 go for sell with a stop at 5233.6
Intraday Resistance of CRUDEOIL are 5236.3/5264.7/5293.2/5329.7/5366.2
Intraday Support of CRUDEOIL are 5167.7/5139.3/5096.1/5077.2/5041.7/5006.2

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