CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-5820 R1-5750 S1-5600 S2-5520
Overall trend of the Crudeoil is bearish for medium-long term .Currently Crudeoil is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is on BUY Signal and Crudeoil is recovering from oversold level For short term Crudeoil is in HOLD SHORT position.Positionally Immediate support for Crudeoil is 5528.Resistance for the Crudeoil is 5734-5740-5816-5995-6089-6095-
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