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
Support for the Crudeoil is 4968-4965-4895-.Resistance for the Crudeoil is
5060-5096-5111-
Short
term and Intraday Level of CRUDEOIL
Currently
Crudeoil is in HOLD
SHORT position
Crudeoil is in sideways so for short term better buy above 5134.0 with stop at
4841.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 5117.3 with a stop at 4962 Below 4917.1 go for sell and put stop at 5072.2
Intraday Resistance of CRUDEOIL are 5062/5107.1/5181.8/5114.4/5150.2
Intraday Support of CRUDEOIL are 4972/4926.9/4852.2/4832.3/4797.6
Intraday Trend- Buy is advised only above 5117.3 with a stop at 4962 Below 4917.1 go for sell and put stop at 5072.2
Intraday Resistance of CRUDEOIL are 5062/5107.1/5181.8/5114.4/5150.2
Intraday Support of CRUDEOIL are 4972/4926.9/4852.2/4832.3/4797.6
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