CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-5200 R1-5120 S1-5000 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 .. 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 5278-5430-5535-5662-5823-5940-
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