CRUDE OIL TREND FOR TODAY-20-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 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 5608-5523-5416-5250-5190-5149-. Immediate resistance for Crudeoil is 5877

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 5704 The Crudeoil is now trading in highly overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 5858.2 with a stop at 5775.7 Below 5756 go for sell with a stop at 5838.4
Intraday Resistance of CRUDEOIL are 5843.2 : 5873.2 : 5921.9 : 5937.9
Intraday Support of CRUDEOIL are 5770.8 : 5740.8 : 5693.3 : 5677.6

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