Wednesday 29 January 2014

CRUDE OIL TREND FOR TODAY- 30-Jan-2014

Crudeoil is in perfect uptrend .Currently Crudeoil is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Crudeoil. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Crudeoil is 6090-5963-5957-5952-5925-5873-. Immediate resistance for Crudeoil is 6195
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD LONG position Crudeoil is in profit booking mode so hold with stop at 6058 The Crudeoil is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 6203.9 with a stop at 6087 Below 6056.3 go for sell and put stop at 6173.1
Intraday Resistance of CRUDEOIL are 6180.3 : 6222.1 : 6248 : 6264.5
Intraday Support of CRUDEOIL are 6079.7 : 6037.9 : 6013.1 : 5997

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