CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-5200 R1-5150 S1-5000 S2-4950
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 . Noting point is selling at lower levels seems decreasing. The Crudeoil is now trading in oversold level. The Crudeoil is now trading in oversold level. The oscillator is showing BUY signal For short term Crudeoil is in HOLD SHORT position.Positionally Support for the Crudeoil is 5013-.Resistance for the Crudeoil is 5127-5348-5531-5712-5863-
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