Wednesday 27 March 2013

CRUDE OIL TREND FOR TODAY-28-March-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 . In last few days lot of positive accumulation happened in the Crudeoil Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Crudeoil is 5098-5092-5089-5064-5029-5015-. Immediate resistance for Crudeoil is 5289

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD LONG position In short term Crudeoil is in strong up trend so hold with stop at 5164 The Crudeoil is now trading in highly overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 5298 with a stop at 5237.3 Below 5224.1 go for sell with a stop at 5284.8
Intraday Resistance of CRUDEOIL are 5287.4/5309.4/5339.6/5358.9/5395.6/5432.4
Intraday Support of CRUDEOIL are 5234.6/5212.6/5160.5/5141.5/5105.8/5070.1

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