Sunday 31 March 2013

CRUDE OIL TREND FOR TODAY-01-April-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 . In last few days lot of positive accumulation happened in the Crudeoil Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Crudeoil is 5155-5112-5099-5098-5055-5024-. Immediate resistance for Crudeoil is 5539

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 5261 The Crudeoil is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 5529 with a stop at 5330.4 Below 5271.5 go for sell with a stop at 5469.9
Intraday Resistance of CRUDEOIL are 5457.2/5514.5/5609.5/5557.4/5594.8
Intraday Support of CRUDEOIL are 5342.8/5285.5/5190.5/5263.2/5227
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