CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6150 R1-6050 S1-5900 S2-5820
Overall trend of the Crudeoil is bearish for medium-long term .Currently Crudeoil is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Crudeoil is in HOLD SHORT position.Positionally Immediate support for Crudeoil is 5910.Resistance for the Crudeoil is 6065-6118-6134-6171-6176-6216-
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