Sunday, 2 June 2013

CRUDE OIL TREND FOR TODAY-03-Jun-2013

Crudeoil is in long- 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 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 5096-5093-5083-.Resistance for the Crudeoil is 5250-5283-5299-
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD SHORT position Crudeoil is in down trend so buy above 5304.0 The sell will again come if below 5193.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 5270.4 with a stop at 5200.1 Below 5183.7 go for sell
Intraday Resistance of CRUDEOIL are 5256 : 5280.1 : 5320.8 : 5336 : 5351.2
Intraday Support of CRUDEOIL are 5198 : 5173.9 : 5134 : 5119.1 : 5104.2

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