Crudeoil is bearish for medium-long term .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 oscillator is showing SELL signal For short term Crudeoil is inSELL position
and closed below 1 month low with volume signals down breakout.Positionally
Immediate support for Crudeoil is 4773.Resistance for the Crudeoil is
5075-5105-5118-5143-5149-5157-
Short
term and Intraday Level of CRUDEOIL
Crudeoil
and closed below 1 week low with volume signals down breakoutCurrently Crudeoil
is in HOLD
SHORT position
Crudeoil has formed a new 5 day low yesterday but failed to keep the trend so
if selling has to considered better below4733.4 Buy if above 5149.0 The
Crudeoil is now trading is approaching oversold level. The oscillator is
showing SELL signal
Intraday Trend- Buy is advised above 4955 with a stop at 4783.9 Below 4733.4 go for sell
Intraday Resistance of CRUDEOIL are 4889.3/4934.6/5009.8/5004.5/5039.9
Intraday Support of CRUDEOIL are 4798.7/4753.4/4678.2/4725.5/4691.2
Intraday Trend- Buy is advised above 4955 with a stop at 4783.9 Below 4733.4 go for sell
Intraday Resistance of CRUDEOIL are 4889.3/4934.6/5009.8/5004.5/5039.9
Intraday Support of CRUDEOIL are 4798.7/4753.4/4678.2/4725.5/4691.2
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