Friday 15 March 2013

CRUDE OIL TREND FOR TODAY-16-March-2013


Crudeoil is in long- short-medium- short- term bull phase .Currently Crudeoil is moving sideways The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the Crudeoil if it close above5112 or buy with strict stop at 4905. The oscillator is showing BUY signal For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 5039-4987-4985-4981-.Resistance for the Crudeoil is 5095-5138-

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD LONG position Crudeoil is in profit booking mode so hold with stop at 5020 The Crudeoil is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 5091 with a stop at 5041 Below 5031.1 go for sell and put stop at 5081
Intraday Resistance of CRUDEOIL are 5079.1/5094.2/5142.3/5161.2/5197.2/5233.3
Intraday Support of CRUDEOIL are 5042.9/5027.8/5000.1/4966.5/4947.9/4912.8/4877.8


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