Friday 13 September 2013

CRUDE OIL TREND FOR TODAY-13-Sep-2013

Crudeoil is in long- medium- term bull phase .Currently Crudeoil is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . In last few days volume based selling happened in the Crudeoil. The oscillator is showing SELL signal For short term Crudeoil is in SELL position.Positionally Support for the Crudeoil is 6667-6421-6146-.Resistance for the Crudeoil is 7040-7136-7210-
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 7199.0 with stop at 6778.0 The Crudeoil is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 7038.3 with a stop at 6888.6 Below 6848.1 go for sell and put stop at 6997.6
Intraday Resistance of CRUDEOIL are 7024.2 : 7091.6 : 7068.5 : 7086
Intraday Support of CRUDEOIL are 6861.8 : 6794.4 : 6818.6 : 6801.4

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