Thursday, 9 May 2013

CRUDE OIL TREND FOR TODAY-10-May-2013


Crudeoil is in perfect uptrend .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 The current position isBUY .Positionally Support for the Crudeoil is 5093-5078-5057-5056-5045-4980-. Immediate resistance for Crudeoil is 5261
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD LONG position In short term Crudeoil is in strong up trend so hold with stop at 5160 The Crudeoil is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 5282.5 with a stop at 5194.1 Below 5171.6 go for sell with a stop at 5260
Intraday Resistance of CRUDEOIL are 5258.4 : 5284.5 : 5325.6 : 5340.8
Intraday Support of CRUDEOIL are 5195.6 : 5169.5 : 5123.8 : 5108.9 : 5094

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