Trend updated for-Sep/08/2020.CMP-2899 The Crudeoil is in long- term bull phase .Currently Crudeoil is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days volume based selling happened in the Crudeoil Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Crudeoil is in SELL position.Positionally Support for the Crudeoil is 2694-.Resistance for the Crudeoil is 3025-3110-3111-3142-3150-
Short term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD SHORT position The Crudeoil is in downtrend For short term buy only if close above 3016.0 The Crudeoil is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 2940.4 with a stop at 2875.5 Below 2857.8 go for sell and put stop at 2922.6
Intraday Resistance of CRUDEOIL are 2934.5 : 2964 : 2980.3 : 2991.7
Intraday Support of CRUDEOIL are 2863.5 : 2834 : 2818.8 : 2807.8. #CRUDEOIL