Tuesday 12 March 2013

CRUDE OIL TREND FOR TODAY-13-March-2013


Crudeoil is in long- short- term bull phase .Currently Crudeoil is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Crudeoil is now trading in oversold level. The Crudeoil is now trading in oversold level. The oscillator is showing BUY signal For short term Crudeoil is in HOLD SHORT position and closed above 1 week high with volume signals up breakout.Positionally Support for the Crudeoil is 4986-4977-4966-.Resistance for the Crudeoil is 5081-5104-5143-

Short term and Intraday Level of CRUDEOIL

Crudeoil closed above 1 week high with volume signals up breakoutCurrently Crudeoil is in HOLD LONG position In short term Crudeoil is in strong up trend so hold with stop at 4971 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 5081.2 with a stop at 5008.4 Below 4990.9 go for sell with a stop at 5063.7
Intraday Resistance of CRUDEOIL are 5079.6/5115.9/5168.5/5204.5
Intraday Support of CRUDEOIL are 4992.4/4956.1/4919.9/4884.9/4850

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