CRUDE OIL TREND FOR TODAY-24-May-2013

Crudeoil is in long- medium- short-medium- term bull phase .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 SELL signal For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 5139-5090-5063-.Resistance for the Crudeoil is 5254-5272-

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD LONG position Crudeoil is moving sideways so short term investor better to buy only above 5372.0 or hold with stop at 5167.0 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 above 5297.3 with a stop at 5168.8 Below 5133 go for sell
Intraday Resistance of CRUDEOIL are 5282.8 : 5339.1 : 5323.9 : 5339.1
Intraday Support of CRUDEOIL are 5147.2 : 5090.9 : 5107.2 : 5092.4

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