Wednesday 4 December 2013

CRUDE OIL TREND FOR TODAY- 05-Dec-2013

Crudeoil is bearish for medium-long term .Currently Crudeoil is moving sideways The oscillator is showing BUY signal but has moved past its recent high with good volume points to a positive break out . The oscillator is showing BUY signal For short term Crudeoil is in HOLD SHORTposition and closed above 1 week high with volume signals up breakout.Positionally Support for the Crudeoil is 5901-5891-5882-.Resistance for the Crudeoil is 6104-6405-6448-

Short term and Intraday Level of CRUDEOIL

Crudeoil closed above 1 week high with volume signals up breakoutCurrently Crudeoil is in HOLD LONG position Crudeoil has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 6122.7 with stop at 5761.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 6122.7 with a stop at 5995.8 Below 5961.6 go for sell and put stop at 6088.4
Intraday Resistance of CRUDEOIL are 6110.5 : 6167.3 : 6159.2 : 6175.5
Intraday Support of CRUDEOIL are 5973.5 : 5916.7 : 5926 : 5910

 

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2 comments :

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  2. Today’s most accurate tip for commodity
    CRUDEOIL (18 DEC) TREND: CONSOLIDATE
    RES 1: 6070
    RES 2: 6120
    SUPP 1: 5980
    SUPP 2: 5920
    STRATEGY: BUY ON DIPS
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