Thursday 6 February 2014

CRUDE OIL TREND FOR TODAY- 06-Feb-2014

Crudeoil is in long- medium- short-medium- short- term bull phase .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 6054-6005-5968-5957-5914-.Resistance for the Crudeoil is 6137-
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 6140.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 6152.5 with a stop at 6057.3 Below 6033.7 go for sell and put stop at 6128.8
Intraday Resistance of CRUDEOIL are 6140.2 : 6179.4 : 6210.6 : 6227.1
Intraday Support of CRUDEOIL are 6045.8 : 6006.6 : 5976.5 : 5960.4

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