Wednesday 11 December 2013

CRUDE OIL TREND FOR TODAY- 11-Dec-2013

 

Crudeoil is bearish for medium-long term .Currently Crudeoil is moving sideways The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the Crudeoil if it close above6129 or buy with strict stop at 5738. The oscillator is showing BUY signal For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 5917-5912-5905-.Resistance for the Crudeoil is 6068-6332-6437-

 

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD SHORT position The Crudeoil is in downtrend For short term buy only if close above 6037.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 6076.1 with a stop at 5972.5 Below 5946.1 go for sell and put stop at 6049.6
Intraday Resistance of CRUDEOIL are 6061.7 : 6103.8 : 6127.9 : 6144.2
Intraday Support of CRUDEOIL are 5960.3 : 5918.2 : 5895.3 : 5879.3

 

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