CRUDE OIL R2-4820 R1-4750 S1-4600 S2-4520 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 SELL signal For short term Crudeoil is in HOLD SHORT position.Positionally Immediate support for Crudeoil is 4506.Resistance for the Crudeoil is 4800-4872-4968-5311-5499-5683-
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