Wednesday 17 April 2013

CRUDE OIL TREND FOR TODAY-17-April-2013


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 .. The oscillator is showing SELL signal For short term Crudeoil is in SELL position.Positionally Immediate support for Crudeoil is 4728.Resistance for the Crudeoil is 5045-5106-5109-5122-5138-
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD SHORT position The Crudeoil is in downtrend For short term buy only if close above 4917.0 The Crudeoil is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 4880.6 with a stop at 4746 Below 4707.7 go for sell
Intraday Resistance of CRUDEOIL are 4829.3/4858.6/4888.3/4923.3/4958.5
Intraday Support of CRUDEOIL are 4758.7/4729.4/4698.9/4680.8/4646.7/4612.6

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