As per my analysis,
Down Move:
If crude restricted by 5838, down move targets are: 5610, 5581, 5537, 5459, 5349.
Up Move:
If crude supported by 5650, 5640, we can see upside retracements.
L1: 5695, 5722, 5745, 5766, 5783, 5838(100%).
L2: 5851, 5975, 6075, 6174, 6250, 6316, 6499(100%).
Sellers Stop Loss: 5840
Buyers Stop Loss: 5650/5635 Strict.
Now the possibilities are 70% Down - 30%Up.
Will update my analysis, as the market moves on.
Down Move:
If crude restricted by 5838, down move targets are: 5610, 5581, 5537, 5459, 5349.
Up Move:
If crude supported by 5650, 5640, we can see upside retracements.
L1: 5695, 5722, 5745, 5766, 5783, 5838(100%).
L2: 5851, 5975, 6075, 6174, 6250, 6316, 6499(100%).
Sellers Stop Loss: 5840
Buyers Stop Loss: 5650/5635 Strict.
Now the possibilities are 70% Down - 30%Up.
Will update my analysis, as the market moves on.
