Thursday, 6 June 2013

CRUDE OIL TREND FOR TODAY-06-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 but has moved past its recent high. 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 5267-5265-5233-5100-5096-. Immediate resistance for Crudeoil is 5394
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 5421.4 or hold with stop at 5190.0 The next resistance will be at 5373.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 5421.4 with a stop at 5322.5 Below 5296.8 go for sell and put stop at 5395.6
Intraday Resistance of CRUDEOIL are 5410.6 : 5453.4 : 5469.4 : 5484.8
Intraday Support of CRUDEOIL are 5307.4 : 5264.6 : 5249.8 : 5234.7

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