Thursday 23 January 2014

CRUDE OIL TREND FOR TODAY- 24-Jan-2014

Crudeoil is bearish for medium-long term .Currently Crudeoil is showing some up move after small correction and trend is strong but volume is unsatisfactory The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Crudeoil is in HOLD LONG position and closed above 1 week high with volume signals up breakout.Positionally Support for the Crudeoil is 5965-5937-5933-5806-5803-.Resistance for the Crudeoil is 6173-
Short term and Intraday Level of CRUDEOIL
Crudeoil closed above 1 week high with volume signals up breakoutCurrently Crudeoil is in HOLD LONG position In short term Crudeoil is in strong up trend so hold with stop at 5908 The Crudeoil is now trading is approaching oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 6171.1 with a stop at 6060 Below 6031.2 go for sell with a stop at 6142.1
Intraday Resistance of CRUDEOIL are 6158.7 : 6206.7 : 6218.7 : 6235.1
Intraday Support of CRUDEOIL are 6043.3 : 5995.3 : 5984.4 : 5968.3

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