CRUDE Update:
Based on 30min chart, Breakout above 6086-88 will take crude towards 6114, 6131 levels.
Down Move
If Crude resisted by 6086, 6159, we can expect downside move. Targets are: 6055, 6014, 5967-5957. For any further down move, crude needs to break 5930 levels. If it breaks 5930 levels we can see 5825, 5750.
Resistances: 6159, 6198, 6339.
Supports: 6000, 5930.
Now I expect crude to move upside, targeting 6105, 6120-6130.
Based on 30min chart, Breakout above 6086-88 will take crude towards 6114, 6131 levels.
Down Move
If Crude resisted by 6086, 6159, we can expect downside move. Targets are: 6055, 6014, 5967-5957. For any further down move, crude needs to break 5930 levels. If it breaks 5930 levels we can see 5825, 5750.
Resistances: 6159, 6198, 6339.
Supports: 6000, 5930.
Now I expect crude to move upside, targeting 6105, 6120-6130.
