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 6097-5959-5947-5932-5927-5851-. Immediate resistance for Crudeoil is 6195
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 6058 The Crudeoil is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend– Buy is advised above 6206.9 with a stop at 6090 Below 6059.3 go for sell with a stop at 6176.1
Intraday Resistance of CRUDEOIL are 6194.6 : 6245.7 : 6251 : 6267.5
Intraday Support of CRUDEOIL are 6071.4 : 6020.3 : 6016.1 : 6000
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