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 BUY signal For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 6126-6113-6071-5998-5975-.Resistance for the Crudeoil is 6394-
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD LONG position Crudeoil is in sideways and sellers was at high so for short term better buy above 6322.3 or hold with stop at 6130.0 The next resistance will be at 6272.0 The Crudeoil is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 6322.3 with a stop at 6224.2 Below 6199.9 go for sell and put stop at 6297.9
Intraday Resistance of CRUDEOIL are 6309.7 : 6350.1 : 6380.3 : 6396.9
Intraday Support of CRUDEOIL are 6212.3 : 6171.9 : 6142.9 : 6126.6
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