Thursday, 30 May 2013

CRUDE OIL TREND FOR TODAY-30-May-2013

Crudeoil is in long- medium- short-medium- short- 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 oscillator is showing SELL signal For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 5234-5177-5097-5094-5074-.Resistance for the Crudeoil is 5300-
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 5230 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 5365.2 with a stop at 5215.8 Below 5173.2 go for sell with stop at 5322.3
Intraday Resistance of CRUDEOIL are 5325.4 : 5372.2 : 5378.4 : 5393.7
Intraday Support of CRUDEOIL are 5212.6 : 5165.8 : 5160.7 : 5145.7

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