Crude View based on Smaller Time frame:
As per my analysis, if crude supported by 5670/5660, I expect up move towards 5800.
Now I expect to see some down move towards 5975 and from there expect an up move.
Sell can be initiated with sl 5710, for targets: 5690, 5680.
Buy can be initiated between 5690-5675 or at cmp 5699 with sl 5665/5650/5635 for targets:
5705, 5725, 5740, 5760, 5785, 5800.
As per my analysis, if crude supported by 5670/5660, I expect up move towards 5800.
Now I expect to see some down move towards 5975 and from there expect an up move.
Sell can be initiated with sl 5710, for targets: 5690, 5680.
Buy can be initiated between 5690-5675 or at cmp 5699 with sl 5665/5650/5635 for targets:
5705, 5725, 5740, 5760, 5785, 5800.
