CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-5750 R1-5680 S1-5570 S2-5490
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 5504.Resistance for the Crudeoil is 5718-5720-5789-5967-6075-6082-
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