Crudeoil is in long- term bull phase .Currently Crudeoil is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Crudeoil is now trading in oversold level. The Crudeoil is now trading in oversold level. The oscillator is showing BUY signal For short term Crudeoil is in HOLD SHORT position.Positionally Support for the Crudeoil is 6409-6377-.Resistance for the Crudeoil is 6534-6654-6722-6794-
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 6477.0 with stop at 6312.0 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 6529.2 with a stop at 6410.1 Below 6379.1 go for sell and put stop at 6498.1
Intraday Resistance of CRUDEOIL are 6516.2 : 6567.7 : 6575.1 : 6591.9
Intraday Support of CRUDEOIL are 6391.8 : 6340.3 : 6334.1 : 6317.5
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