Monday 17 June 2013

CRUDE OIL TREND FOR TODAY-18-Jun-2013

23:12     11 comments

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 Crudeoil is now trading in overbought level. The Crudeoil is now trading in overbought level. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Crudeoil is 5542-5450-5377-5207-5170-5137-. Immediate resistance for Crudeoil is 5738
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 5609 The Crudeoil is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 5736.9 with a stop at 5643 Below 5619.3 go for sell with a stop at 5713.1
Intraday Resistance of CRUDEOIL are 5725.4 : 5764.7 : 5791.6 : 5807.4
Intraday Support of CRUDEOIL are 5630.6 : 5591.3 : 5565.5 : 5550

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