CRUDE OIL TREND FOR TODAY-15-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 5474-5399-5338-5173-5153-5129-. Immediate resistance for Crudeoil is 5671

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD SHORT position Crudeoil is in sideways and sellers was at high so for short term better buy above 5700.9 or hold with stop at 5492.0 The next resistance will be at 5648.0 The Crudeoil is now trading is approaching overbought level. The oscillator is on SELL signal and Crudeoil is coming down from overbought level
Intraday Trend- Buy is advised only above 5700.9 with a stop at 5608.5 Below 5585.3 go for sell and put stop at 5677.6
Intraday Resistance of CRUDEOIL are 5689.6 : 5728.2 : 5756.2 : 5772
Intraday Support of CRUDEOIL are 5596.4 : 5557.8 : 5530.9 : 5515.4

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