CRUDE OIL TREND FOR TODAY-13-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 Crudeoil is now trading in overbought level. The Crudeoil is now trading in overbought level. The oscillator is showing BUY signal For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 5122-5098-5080-5059-5055-4989-. Immediate resistance for Crudeoil is 5306

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD LONG position Crudeoil is in sideways and sellers was at high so for short term better buy above 5314.6 or hold with stop at 5136.0 The next resistance will be at 5285.0 The Crudeoil is now trading is approaching overbought level. The oscillator is on SELL signal and Crudeoil is coming down from overbought level
Intraday Trend- Buy is advised only above 5314.6 with a stop at 5215.6 Below 5189.6 go for sell and put stop at 5288.5
Intraday Resistance of CRUDEOIL are 5296.1 : 5332.7 : 5356.6 : 5371.8
Intraday Support of CRUDEOIL are 5207.9 : 5171.3 : 5139.2 : 5124.3

To Get Free Tips:

Bullion Tips

Commodity Tips

Mcx Tips

9770670009, 0731-3299704