CRUDE OIL TREND FOR TODAY-01-Jun-2013

Crudeoil is in long- medium- short-medium- short- term bull phase .Currently Crudeoil is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is on SELL signal and Crudeoil is coming down from overbought level For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 5242-5194-5096-5094-5081-.Resistance for the Crudeoil is 5306-

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in SELL position Crudeoil is in sideways so for short term better buy above 5378.0 with stop at 5193.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 5327 with a stop at 5240.8 Below 5219.2 go for sell
Intraday Resistance of CRUDEOIL are 5316.4 : 5352.4 : 5382.5 : 5397.8
Intraday Support of CRUDEOIL are 5229.6 : 5193.6 : 5164.6 : 5149.7

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