Based on Weekly Chart,
If 94.90 resists, minimum downside targets are: 78.35, 73.5.
If crude resisted by 82.36/84.79, I expect big down fall, targetting 79.80, 77.7, 74.9.
Positionally, I am still bearish and expecting 78.4, 73.5, 65/57.5/53.
I expect minimum 78.5, 74.
Other targets:
80.05, 79.80, 78.34, 77.7, 77.2, 77.5, 74.80, 73.8.
Resistances : 82.36/84.79/88.20/91.80/94.89.
VIEW VALID AS LONG AS 94.89 HOLDS RESISTANCE.
What will happen if 84.79 is not the end of correction?
Crude will take support at 79.80, and then make an upside move towards, 84.79, 85.80-86, 86.6, 87.21, 87.7-88.3.
But as per my view the minimum correction completed at 84.79.
For any Sell Strict SL 82.5/85. TGTs: 79.80, 78.5, 74. Small/Other targets check above.
If 94.90 resists, minimum downside targets are: 78.35, 73.5.
If crude resisted by 82.36/84.79, I expect big down fall, targetting 79.80, 77.7, 74.9.
Positionally, I am still bearish and expecting 78.4, 73.5, 65/57.5/53.
I expect minimum 78.5, 74.
Other targets:
80.05, 79.80, 78.34, 77.7, 77.2, 77.5, 74.80, 73.8.
Resistances : 82.36/84.79/88.20/91.80/94.89.
VIEW VALID AS LONG AS 94.89 HOLDS RESISTANCE.
What will happen if 84.79 is not the end of correction?
Crude will take support at 79.80, and then make an upside move towards, 84.79, 85.80-86, 86.6, 87.21, 87.7-88.3.
But as per my view the minimum correction completed at 84.79.
For any Sell Strict SL 82.5/85. TGTs: 79.80, 78.5, 74. Small/Other targets check above.
