Trend updated
for-Apr/02/2013.CMP-5285 The 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
oscillator is showing BUY signal For short term The current position
is BUY .Positionally Support for the Crudeoil is
5178-5128-5103-5099-5064-5028-. Immediate resistance for Crudeoil is
5539
Currently Crudeoil is in HOLD LONG position
In short term Crudeoil is in strong up trend so hold with stop at
5270 The Crudeoil is now trading is approaching overbought level. The
oscillator is on SELL signal and Crudeoil is coming down from
overbought level
Intraday Trend- Buy is advised above 5379.9 with a stop at 5232.4 Below 5190.4 go for sell with stop at 5337.8
Intraday Resistance of CRUDEOIL are 5324.9/5364.8/5431.1/5454.7/5491.7
Intraday Support of CRUDEOIL are 5245.1/5205.2/5138.9/5163.3/5127.4
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