Crudeoil news

Trend updated for-Apr/05/2013.CMP-5094 The Crudeoil is in long- term bull phase .Currently Crudeoil is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing SELL signal For short term The current position is BUY and Crudeoil closed below 1 week low with volume signals down breakout.Positionally Support for the Crudeoil is 5039-.Resistance for the Crudeoil is 5129-5139-5151-5201-5257-

Crudeoil and closed below 1 week low with volume signals down breakoutCurrently Crudeoil is in HOLD SHORT position The Crudeoil is in downtrend For short term buy only if close above 5277.0 Selling pressure seems to be deceasing so Short term investor with risk aptitude can enter again if it close above 5311.0 but caution- close Below low5 fresh selling can occur The Crudeoil is now trading is approaching oversold level. The oscillator is showing SELL signal

Intraday Trend- Buy is advised above 5185.5 with a stop at 5043.3 Below 5002.8 go for sell
Intraday Resistance of CRUDEOIL are 5134.6/5175.2/5242.6/5274.9/5311.3
Intraday Support of CRUDEOIL are 5053.4/5012.8/4945.4/4988.4/4953.2