Thursday 11 July 2013

CRUDE OIL TREND FOR TODAY-12-July-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 SELL signal For short term The current position is BUY .Positionally Support for the Crudeoil is 6149-6019-5867-5581-5381-5315-. Immediate resistance for Crudeoil is 6466
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD LONG position Crudeoil is in down trend so buy above 6367.0 The sell will again come if below 6156.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 6385.2 with a stop at 6225.8 Below 6181.2 go for sell
Intraday Resistance of CRUDEOIL are 6372.5 : 6446.7 : 6402.5 : 6419.1
Intraday Support of CRUDEOIL are 6193.5 : 6119.3 : 6164.7 : 6148.3

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1 comments :

  1. Having read this I thought it was very informative. I appreciate you taking the time and effort to put this article together. I once once more find myself spending way to considerably time both reading and commenting.


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