Wednesday 13 March 2013

CRUDE OIL TREND FOR TODAY-14-March-2013


Crudeoil is in long- short- term bull phase .Currently Crudeoil is moving sideways The oscillator is on BUY Signal and Crudeoil is recovering from oversold level .In last 1 month volatality is very less and fresh Buy can be considered in the Crudeoil if it close above5124 or buy with strict stop at 4905. The oscillator is on BUY Signal and Crudeoil is recovering from oversold level For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 4984-4980-4969-.Resistance for the Crudeoil is 5086-5096-5142-

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD LONG position Crudeoil is in sideways and sellers was at high so for short term better buy above 5085.2 or hold with stop at 4955.0 The next resistance will be at 5077.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 5085.2 with a stop at 5013.9 Below 4996.9 go for sell and put stop at 5068.1
Intraday Resistance of CRUDEOIL are 5075.1/5103.3/5132.5/5151.4/5187.4/5223.5
Intraday Support of CRUDEOIL are 5006.9/4978.7/4938.4/4903.3/4868.3

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