CRUDE OIL TREND FOR TODAY-05-Jun-2013

Crudeoil is in perfect uptrend .Currently Crudeoil is moving sideways The oscillator is on SELL signal and Crudeoil is coming down from overbought level .In last 1 month volatality is very less Buy the Crudeoil above 5400 or buy with strict stop at 5098. The oscillator is on SELL signal and Crudeoil is coming down from overbought level For short term Crudeoil is in SELL position.Positionally Support for the Crudeoil is 5257-5251-5225-5098-5095-5091-. 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 5365.5 or hold with stop at 5190.0 The next resistance will be at 5335.0 The oscillator is on SELL signal and Copper is coming down from overbought level
Intraday Trend- Buy is advised only above 5365.5 with a stop at 5262.1 Below 5234.7 go for sell and put stop at 5338
Intraday Resistance of CRUDEOIL are 5354.8 : 5400.2 : 5409.8 : 5425.1
Intraday Support of CRUDEOIL are 5245.2 : 5199.8 : 5191.4 : 5176.4

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