Sunday 23 February 2014

CRUDE OIL TREND FOR TODAY- 24-Feb-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 . 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 6263-6199-6135-6043-6024-6003-. Immediate resistance for Crudeoil is 6463
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD LONG position In short term Crudeoil is in strong up trend so hold with stop at 6361 The Crudeoil is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 6419 with a stop at 6322.7 Below 6299.2 go for sell with stop at 6395.4
Intraday Resistance of CRUDEOIL are 6404.6 : 6442.4 : 6479.2 : 6495.9
Intraday Support of CRUDEOIL are 6313.4 : 6275.6 : 6239.9 : 6223.5
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