CRUDE OIL TREND | TIPS TODAY 29 July

Crude oil trend is continuing with bearish mode from 3 consecutive days. There seems to be a  Decline in crude oil today.At Naimex crude oil is trading  around 97 dollars per barrel .Copper production in Chile fall on the LME is trading at about half per cent.

CRUDE OIL TREND TODAY :-

Crude oil trend today is consolidate, following are some technical levels for Crude oil today :-

RESISTANCE 2 :- 4450

RESISTANCE 1 :- 4390

SUPPORT 1 :- 4310

SUPPORT 2 :- 4250

STRATEGY :- BUY ON DIPS

CRUDE OIL TIPS TODAY :-

SELL -4375, stoploss-4400, target -4260

CRUDE OIL TREND TODAY 28 july

Overall trend of the Crudeoil is bearish for medium-long term .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 Crudeoil is in HOLD LONG position

CRUDE OIL SUPPORT AND RESISTANCE TODAY :-

Support for the Crudeoil is 4324-4300

Resistance for the Crudeoil is 4370-4401-4450-4555

CRUDE OIL TIPS TODAY :-

Crude oil: Sell -4530 to 4535, stoploss -4350,  targets -4270 to 4290

FREE CRUDE TIPS TODAY 27 July

Crude prices bounced back on Tuesday despite no compromise being made between Republicans and democrats to raise the nation's $14.3 trillion debt ceiling by Aug. 2 to avert a default. Crude prices rose mainly as the dollar weakened, encouraging investors to buy riskier assets. Traders also positioned ahead of US Energy Information Administration's weekly inventory data that is expected to show a drawdown in crude stockpiles.

CRUDE OIL LEVELS TODAY :-

TREND  :- Crude oil trend is CONSOLIDATE

RESISTANCE 2  :- 4560

RESISTANCE1 :- 4480

SUPPORT 1 :- 4380

SUPPORT2 :- 4320

STRATEGY :- Readers are advised to BUY ON DIPS