Thursday, July 28, 2011

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

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