CRUDE OIL TREND FOR TODAY-15-FEB-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 oscillator is showing BUY signal For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 5169-5163-5162-5073-4977-4907-. Immediate resistance for Crudeoil is 5294

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD LONG position Crudeoil has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 5292.5 with stop at 5129.0 The Crudeoil is now trading in highly overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 5292.5 with a stop at 5231 Below 5217.6 go for sell and put stop at 5279
Intraday Resistance of CRUDEOIL are 5282/5304.3/5337.2/5356.6/5393.2/5430
Intraday Support of CRUDEOIL are 5228/5205.7/5158.2/5139.2/5103.5/5067.8

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