CRUDE OIL TREND FOR TODAY-28-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 5158-5094-5092-5067-.Resistance for the Crudeoil is 5262-5272-

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD SHORT position Crudeoil is in down trend so buy above 5272.0 The sell will again come if below 5167.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 5296.5 with a stop at 5173.7 Below 5139.8 go for sell
Intraday Resistance of CRUDEOIL are 5242.1 : 5262.1 : 5311.7 : 5326.9 : 5342.1
Intraday Support of CRUDEOIL are 5193.9 : 5173.9 : 5125.1 : 5110.2 : 5095.4

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