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 5159-5109-5081-5060-5059-4999-. Immediate
resistance for Crudeoil is 5306
Short
term and Intraday Level of CRUDEOIL
Currently
Crudeoil is in HOLD LONG position The Crudeoil is not giving any clear
signal So buy only if close above5285.0 and sell below 5136.0 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-The Crudeoil closed in a confusion manner So buy for intraday only above 5285.7 with a stop at 5207.5 If opens below 5207.5 or trade below 5188.5 be cautious or go for sell with stop at 5266.6
Intraday Resistance of CRUDEOIL are 5271.8 : 5300.7 : 5331 : 5346.2
Intraday Support of CRUDEOIL are 5202.2 : 5173.3 : 5129.1 : 5114.2 : 5099.3
Intraday Trend-The Crudeoil closed in a confusion manner So buy for intraday only above 5285.7 with a stop at 5207.5 If opens below 5207.5 or trade below 5188.5 be cautious or go for sell with stop at 5266.6
Intraday Resistance of CRUDEOIL are 5271.8 : 5300.7 : 5331 : 5346.2
Intraday Support of CRUDEOIL are 5202.2 : 5173.3 : 5129.1 : 5114.2 : 5099.3
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