CRUDE OIL TREND FOR TODAY-04-May-2013

Crudeoil is in perfect uptrend .Currently Crudeoil is in strong uptrend with good momentum 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 The current position is BUY .Positionally Support for the Crudeoil is 5073-5055-5023-5000-4963-4916-. Immediate resistance for Crudeoil is 5189

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD SHORT position Crudeoil is in sideways and sellers was at high so for short term better buy above 5251.3 or hold with stop at 4841.0 The next resistance will be at 5168.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 5251.3 with a stop at 5103.4 Below 5061.1 go for sell and put stop at 5208.8
Intraday Resistance of CRUDEOIL are 5195.2 : 5234.5 : 5299.6 : 5297.7 : 5334.2
Intraday Support of CRUDEOIL are 5116.8 : 5077.5 : 5012.4 : 4975.3 : 4940.1 : 4905

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