CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6150 R1-6080 S1-5950 S2-5880
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 . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Crudeoil is in SELL position.Positionally Support for the Crudeoil is 5985-.Resistance for the Crudeoil is 6088-6116-6170-6171-6211-
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