Thursday 30 January 2014

CRUDE OIL TREND FOR TODAY- 31-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 .. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Crudeoil is 6082-6000-5957-5924-5903-. Immediate resistance for Crudeoil is 6224
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 6206.2 or hold with stop at 6043.0 The next resistance will be at 6199.0 The Crudeoil is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 6206.2 with a stop at 6124.8 Below 6105.9 go for sell and put stop at 6187.3
Intraday Resistance of CRUDEOIL are 6192.2 : 6222.2 : 6274.3 : 6290.7
Intraday Support of CRUDEOIL are 6119.8 : 6089.8 : 6038.9 : 6022.7

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