CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-5420 R1-5350 S1-5220 S2-5150
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 . In last few days volume based selling happened in the Crudeoil. The oscillator is showing SELL signal For short term Crudeoil is in SELL position.Positionally Immediate support for Crudeoil is 5111.Resistance for the Crudeoil is 5574-5601-5636-5748-5906-5991-
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