Monday 28 January 2013

CRUDE OIL TREND FOR TODAY-29-JAN-2013


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 5153-5134-5100-4950-4874-4851-. Immediate resistance for Crudeoil is 5256

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD SHORT position Crudeoil is in sideways and sellers was at high so for short term better buy above 5256.5 or hold with stop at 5132.0 The next resistance will be at 5235.0 The Crudeoil is now trading is approaching overbought level. The oscillator is on SELL signal and Crudeoil is coming down from overbought level
Intraday Trend- Buy is advised only above 5256.5 with a stop at 5186.1 Below 5169.6 go for sell and put stop at 5240
Intraday Resistance of CRUDEOIL are 5246/5273.4/5316.5/5353/5389.6
Intraday Support of CRUDEOIL are 5180/5152.6/5118.9/5100/5064.3/5028.8


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1 comments :

  1. Very nice and helpful information has been given in this article. I like the way you explain the things. Keep posting. Thanks.. Stock Tips | Free Stock Tips

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