Thursday, 21 March 2013

Crudeoil trend 22/03/2013

Trend updated for-Mar/22/2013.CMP-5053 The Crudeoil is in long- short-medium- short- term bull phase .Currently Crudeoil is in strong uptrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Crudeoil is 5020-5016-5000-4995-.Resistance for the Crudeoil is 5112-5132-

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 oscillator is showing SELL signal

Intraday Trend- Buy is advised above 5081.2 with a stop at 5033.9 Below 5024.8 go for sell
Intraday Resistance of CRUDEOIL are 5087/5115.2/5150.7/5169.6/5205.6/5241.8
Intraday Support of CRUDEOIL are 5019/4990.8/4956.2/4921/4886

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