Trend is clearly down and with reversal possible on close above 6000. Immediate SL is 5850.
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On weekly charts, expect strong support at 5500. But if this breaks and crude is unable to recover, expect next support 20% down at 4500.
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On weekly charts, expect strong support at 5500. But if this breaks and crude is unable to recover, expect next support 20% down at 4500.
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