CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-5730 R1-5650 S1-5510 S2-5440
Overall trend of the Crudeoil is bearish for medium-long term .Currently Crudeoil is in downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term Crudeoil is in HOLD LONG position.Positionally Immediate support for Crudeoil is 5504.Resistance for the Crudeoil is 5685-5692-5715-5893-6035-6048-
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