CAPITAL STROKE UPDATE 20 OCTOBER 2014 : MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-5260 R1-5150 S1-5030 S2-4950

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 4924.Resistance for the Crudeoil is 5329-5474-5558-5680-5839-5951-

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