CRUDE OIL TREND FOR TODAY-22-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 5221-5198-5106-5089-5082-5062-. Immediate resistance for Crudeoil is 5393

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 5255 Very Short term investor please cautious on Crudeoil as it is moving with low volatality The Crudeoil is now trading in highly overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 5418.1 with a stop at 5310.7 Below 5282.1 go for sell with a stop at 5389.4
Intraday Resistance of CRUDEOIL are 5407.1 : 5454.6 : 5440.4 : 5455.8
Intraday Support of CRUDEOIL are 5292.9 : 5245.4 : 5221.4 : 5206.4

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