CAPITAL STROKE COMMODITY UPDATE 30 JULY 2014 :: MCX CRUDE OIL

Overall trend of the Crudeoil is bearish for medium-long term .Currently Crudeoil is moving sideways The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the Crudeoil if it close above6289 or buy with strict stop at 5944. The oscillator is showing BUY signal For short term Crudeoil is in HOLD LONG position.Positionally Immediate support for Crudeoil is 5944.Resistance for the Crudeoil is 6167-6178-6180-6202-6232-6234

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