I expect Crude to move upside as long as 6333, 6357 holds support. If these levels broken, we may see down move. If these levels suppport, upside targets are: 6550/6574. Based on the daily chart, my targets on the upside are: 6590, 6712, 6962, 7111.
For further upside, crude needs to break 6414, 6549.
This view is valid as long as 6357, 6333 holds support. If down move happens, will update my view later.
Supports: 6357, 6333
Upside Targets: 6458, 6590, 6712, 6962, 7111.
NOTE: Level to watch 6333 (2008-07-15 resistance) which I expect to act as as support now.
For further upside, crude needs to break 6414, 6549.
This view is valid as long as 6357, 6333 holds support. If down move happens, will update my view later.
Supports: 6357, 6333
Upside Targets: 6458, 6590, 6712, 6962, 7111.
NOTE: Level to watch 6333 (2008-07-15 resistance) which I expect to act as as support now.
