CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6120 R1-6050 S1-5900 S2-5820
Overall trend of the Crudeoil is bearish for medium-long term.Currently Crudeoil is showing some down move and trend is strong and supported with good volume The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Crudeoil is in HOLD SHORT position.Positionally Immediate support for Crudeoil is 5914.Resistance for the Crudeoil is 6138-6153-6174-6188-6192-6229-
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