CRUDE OIL TREND FOR TODAY-20-May-2013

Crudeoil is in perfect uptrend .Currently Crudeoil is in 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 SELL signal For short term Crudeoil is in SELL position.Positionally Support for the Crudeoil is 5206-5176-5087-5083-5077-5060-. Immediate resistance for Crudeoil is 5329

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD LONG position Crudeoil has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 5369.5 with stop at 5064.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 5369.5 with a stop at 5263.1 Below 5234.7 go for sell and put stop at 5341
Intraday Resistance of CRUDEOIL are 5310.2 : 5317 : 5372.7 : 5394.1 : 5409.4 : 5424.7
Intraday Support of CRUDEOIL are 5293.8 : 5287 : 5227.1 : 5206.1 : 5191 : 5176.1

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