Crudeoil is bearish for medium-long term .Currently Crudeoil is in
strong downtrend with good momentum and the trend is supported with good volume
The open interest is not increasing with trend . Noting point is selling at
lower levels seems decreasing. The oscillator is showing SELL signal For short
term Crudeoil is in SELL position.Positionally
Immediate support for Crudeoil is 4921.Resistance for the Crudeoil is
5103-5110-5126-5147-5157-5185-
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
5149.0 or hold with stop at 4941.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 5064.9 with a stop at 4925.2 Below 4885.4 go for sell
Intraday Resistance of CRUDEOIL are 4990.9/5004.1/5058.9/5077.7/5113.3/5149.2
Intraday Support of CRUDEOIL are 4959.1/4945.9/4917.9/4884.6/4866.1/4831.3/4796.6
Intraday Trend- Buy is advised above 5064.9 with a stop at 4925.2 Below 4885.4 go for sell
Intraday Resistance of CRUDEOIL are 4990.9/5004.1/5058.9/5077.7/5113.3/5149.2
Intraday Support of CRUDEOIL are 4959.1/4945.9/4917.9/4884.6/4866.1/4831.3/4796.6
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