If crude is in uptrend, today's low @ 55.8 will act as support for target 62 If break today's low then target would be around 53 (@200ema)
Comment:
Weekly RSI turning oversold..but can rally a little till 61.3
Safe traders can close their long & Initiate fresh shorts till 62.5 for the target of 58.5 keep SL above 63
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Safe traders can close their long & Initiate fresh shorts till 62.5 for the target of 58.5 keep SL above 63