Crudeoil is bearish for medium-long term .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 .. The oscillator is showing SELL signal For short term Crudeoil is in HOLD SHORTposition.Positionally Immediate support for Crudeoil is 5744.Resistance for the Crudeoil is 5960-5973-6015-6277-6493-6526-
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in SELL position The Crudeoil is in downtrend For short term buy only if close above 5917.0 The Crudeoil is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 5987.9 with a stop at 5850.3 Below 5812.4 go for sell and put stop at 5949.9
Intraday Resistance of CRUDEOIL are 5937.5 : 5968.7 : 6015.8 : 6031.9
Intraday Support of CRUDEOIL are 5862.5 : 5831.3 : 5785.3 : 5769.5
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