If Crude restricted by 5838, I expect down move towards 5640, 5560, 5490.
Positional Trading Strategy: Sell on Rise. Stop Loss 5840/6280.
Crude next targets: 5696, 5665, 5640, 5554, 5490, 5320, 5170...
After this down move there will be a big upward correction max 6273(100%). But normally, the correction would be 23%-50%.
Lot more down side can be seen in Crude Positionally.
Positional Trading Strategy: Sell on Rise. Stop Loss 5840/6280.
Crude next targets: 5696, 5665, 5640, 5554, 5490, 5320, 5170...
After this down move there will be a big upward correction max 6273(100%). But normally, the correction would be 23%-50%.
Lot more down side can be seen in Crude Positionally.
