Crudeoil is bearish for medium-long term .Currently Crudeoil is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. 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 Immediate support for Crudeoil is 6185.Resistance for the Crudeoil is 6432-6447-6479-6652-6654-6790-
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in SELL position Crudeoil is in sideways and sellers was at high so for short term better buy above 6437.4 or hold with stop at 6210.0 The next resistance will be at 6470.0 The Crudeoil is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 6437.4 with a stop at 6280.6 Below 6237 go for sell and put stop at 6393.5
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