Thursday 22 August 2013

CRUDE OIL TREND FOR TODAY-23-Aug-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 .. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Crudeoil is 6617-6539-6453-6284-6003-5783-. Immediate resistance for Crudeoil is 6889
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD SHORT position Crudeoil is in sideways so for short term better buy above 6862.0 with stop at 6635.0 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 above 6800.1 with a stop at 6686.8 Below 6658.1 go for sell
Intraday Resistance of CRUDEOIL are 6786.5 : 6834.3 : 6852.6 : 6869.8
Intraday Support of CRUDEOIL are 6671.5 : 6623.7 : 6606.5 : 6589.6

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