CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-4800 R1-4720 S1-4580 S2-4500
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 .. The
Crudeoil is now trading in highly oversold level. The Crudeoil is now trading in highly oversold level.
The oscillator is showing BUY signal For short term Crudeoil is in HOLD SHORT position.Positionally
Immediate support for Crudeoil is 4608.Resistance for the Crudeoil is 4827-4893-4992-5333-5519-5700-
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