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 6149.Resistance for the Crudeoil is 6413-6451-6454-6613-6654-6789-
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD SHORT position Crudeoil is moving sideways so short term investor better to buy only above 6470.0 or hold with stop at 6174.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 6309.1 with a stop at 6149.9 Below 6105.2 go for sell
Intraday Resistance of CRUDEOIL are 6283.4 : 6346.7 : 6325.7 : 6342.3
Intraday Support of CRUDEOIL are 6130.6 : 6067.3 : 6089.4 : 6073.2
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