Crudeoil is bearish for medium-long term .Currently Crudeoil is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Crudeoil is now trading in overbought level. The Crudeoil is now trading in overbought level. The oscillator is showing SELL signal For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 6094-6013-5976-.Resistance for the Crudeoil is 6157-6185-6382-
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD LONG position Crudeoil is moving sideways so short term investor better to buy only above 6272.0 or hold with stop at 6095.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 6177.1 with a stop at 6088.4 Below 6067 go for sell
Intraday Resistance of CRUDEOIL are 6164.8 : 6200.3 : 6239.9 : 6256.4
Intraday Support of CRUDEOIL are 6079.2 : 6043.7 : 6005.2 : 5989.1
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