CRUDE OIL TREND FOR TODAY-13-Jun-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 showing BUY signal For short term The current position isBUY .Positionally Support for the Crudeoil is 5404-5356-5307-5148-5138-5121-. 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 5505 The Crudeoil is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 5618.8 with a stop at 5525.1 Below 5501.4 go for sell with a stop at 5595
Intraday Resistance of CRUDEOIL are 5607.6 : 5647.1 : 5672.4 : 5688.1
Intraday Support of CRUDEOIL are 5512.4 : 5472.9 : 5448.7 : 5433.4

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