Monday, 3 June 2013

CRUDE OIL TREND FOR TODAY-04-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 on SELL signal and Crudeoil is coming down from overbought level For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 5251-5248-5219-5097-5093-5087-. Immediate resistance for Crudeoil is 5400
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD SHORT position The Crudeoil is in downtrend For short term buy only if close above 5297.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 5359.5 with a stop at 5245.6 Below 5214.8 go for sell and put stop at 5328.5
Intraday Resistance of CRUDEOIL are 5348.8 : 5400.1 : 5396.6 : 5411.9
Intraday Support of CRUDEOIL are 5225.2 : 5173.9 : 5178.5 : 5163.5

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