Tuesday 25 February 2014

CRUDE OIL TREND FOR TODAY- 26-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 SELL signal For short term The current position is BUY .Positionally Support for the Crudeoil is 6236-6174-6056-6023-6012-.Resistance for the Crudeoil is 6337-
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD SHORT position Crudeoil has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below6222.9 Buy if above 6437.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 6385.4 with a stop at 6257.2 Below 6222.9 go for sell
Intraday Resistance of CRUDEOIL are 6366 : 6417.5 : 6423.7 : 6440.3
Intraday Support of CRUDEOIL are 6242 : 6190.5 : 6185.5 : 6169.1
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3 comments :

  1. Nowadays the market of Crude oil is at good position. here have daily basis changes in the price of crude oil. it depends on the demand of it by people. now you can get crude oil tips.
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  2. Crude oil trading range is 79.4 in January, mainly due to concerns over general business conditions, jobs, and earnings.

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  3. Crimea resolution on the approval of the merger by the MP in Russia that fear became the ukraine crisis deepened. The crude oil in the world market has picked up.
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