Wednesday, 1 May 2013

CRUDE OIL TREND FOR TODAY-02-May-2013


Crudeoil is bearish for medium-long term .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 showing BUY signal For short term Crudeoil is in HOLD LONG position.Positionally Immediate support for Crudeoil is 4822.Resistance for the Crudeoil is 4932-4983-5016-5060-5098-5111-
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 5134.0 or hold with stop at 4841.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 4977.1 with a stop at 4814.8 Below 4767.3 go for sell
Intraday Resistance of CRUDEOIL are 4917.4/4962.7/5038.1/5047.4/5083
Intraday Support of CRUDEOIL are 4826.6/4781.3/4705.9/4767.2/4732.8

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