CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-5260 R1-5170 S1-5050 S2-4980
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 . 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 5082.Resistance for the Crudeoil is 5445-5545-5601-5716-5872-5972-
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