Crudeoil is in long- term bull phase .Currently Crudeoil
is in strong downtrend and the trend is supported with good volume The open
interest is not increasing with trend . In last few days volume based selling
happened in the Crudeoil. The oscillator is showing SELL signal For short term
Crudeoil is inSELL position.Positionally
Support for the Crudeoil is 4941-.Resistance for the Crudeoil is 5053-5137-5161-5175-5181-
Short
term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD SHORT position Crudeoil is moving sideways so short term
investor better to buy only above 5104.0 or hold with stop at 4986.0 The
Crudeoil is now trading in highly oversold level. The oscillator is showing BUY
signal
Intraday Trend- Buy is advised above 5047.5 with a stop at 4981.8 Below 4966.7 go for sell
Intraday Resistance of CRUDEOIL are 5033.9/5056.2/5097.2/5116.1/5151.9/5187.8
Intraday Support of CRUDEOIL are 4980.1/4957.8/4922.2/4903.7/4868.8/4834
Intraday Trend- Buy is advised above 5047.5 with a stop at 4981.8 Below 4966.7 go for sell
Intraday Resistance of CRUDEOIL are 5033.9/5056.2/5097.2/5116.1/5151.9/5187.8
Intraday Support of CRUDEOIL are 4980.1/4957.8/4922.2/4903.7/4868.8/4834
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