Trend updated for-Mar/20/2013.CMP-5087 The Crudeoil
is in long- short-medium- short- term bull phase .Currently Crudeoil
is showing some up move after small correction and trend is strong
momentum is also showing strength and supported with good volume The
open interest is not increasing with trend . Caution note 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 5021-5012-4997-4992-.Resistance for the
Crudeoil is 5109-5135-
Currently Crudeoil is in HOLD LONG position
Crudeoil is moving sideways so short term investor better to buy only
above 5166.0 or hold with stop at 4973.0 The Crudeoil is now trading
is approaching overbought level. The oscillator is showing SELL
signal
Intraday Trend- Buy is advised above 5115.4 with a stop at 5067.7 Below 5058.6 go for sell
Intraday Resistance of CRUDEOIL are 5135.2/5175.2/5218.1/5254.3/5290.6
Intraday Support of CRUDEOIL are 5038.8/4998.8/4968.4/4933.2
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