Friday, 31 May 2013

CRUDE OIL TREND FOR TODAY-31-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 oscillator is on SELL signal and Crudeoil is coming down from overbought level For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 5267-5241-5184-5097-5095-5078-. Immediate resistance for Crudeoil is 5400
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD LONG position Crudeoil is in sideways and sellers was at high so for short term better buy above 5379.5 or hold with stop at 5193.0 The next resistance will be at 5378.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 5379.5 with a stop at 5252.1 Below 5216.7 go for sell and put stop at 5344.1
Intraday Resistance of CRUDEOIL are 5368.8 : 5427.6 : 5407.7 : 5423.1
Intraday Support of CRUDEOIL are 5227.2 : 5168.4 : 5189.4 : 5174.4

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