Monday, 30 June 2014

Crudeoil News

Trend updated for-Jul/01/2014.CMP-6337 The Crudeoil is in long- medium- short-medium- term bull phase .Currently Crudeoil is moving sideways The Crudeoil is now trading in overbought level. The Crudeoil is now trading in overbought level. The oscillator is showing SELL signal and has moved down its previous low and the negative trend is still continuing momentum also points toward negativeness. The Crudeoil is now trading in overbought level. The Crudeoil is now trading in overbought level. The oscillator is showing SELL signal For short term Crudeoil is in HOLD SHORT position.Positionally Support for the Crudeoil is 6235-6158-6148-6128-.Resistance for the Crudeoil is 6389-6424-

Currently Crudeoil is in SELL position Crudeoil has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below6290.9 Buy if above 6472.0 The Crudeoil is now trading is approaching oversold level. The oscillator is showing SELL signal

Intraday Trend- Buy is advised above 6383.2 with a stop at 6307.6 Below 6290.9 go for sell

Intraday Resistance of CRUDEOIL are 6370.5 : 6398.2 : 6457 : 6473.7

Intraday Support of CRUDEOIL are 6303.5 : 6275.8 : 6218.2 : 6201.8