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 showing BUY signal For short term The current position isBUY .Positionally
Support for the Crudeoil is 5375-5338-5294-5138-5131-5116-. Immediate
resistance for Crudeoil is 5671
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 5509 The Crudeoil is now trading in highly
overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 5606.5 with a stop at 5466.9 Below 5427.8 go for sell with stop at 5567.3
Intraday Resistance of CRUDEOIL are 5595.3 : 5660.3 : 5629 : 5644.6
Intraday Support of CRUDEOIL are 5438.7 : 5373.7 : 5406.1 : 5390.9
Intraday Trend- Buy is advised above 5606.5 with a stop at 5466.9 Below 5427.8 go for sell with stop at 5567.3
Intraday Resistance of CRUDEOIL are 5595.3 : 5660.3 : 5629 : 5644.6
Intraday Support of CRUDEOIL are 5438.7 : 5373.7 : 5406.1 : 5390.9
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