Crude : $100.78/barell
We may see range bound behaviour between $100-110 as crude is highly oversold bounceback will be expected level and hard support seen at $100. Any break below $100 will lead to a target of $86
Updated View
Retracement in crude is about to get over.
Crude All time High = 147
All time Low = 48
Diff = 147-48 = 99
50% retracement = 147-49.5=$97.5
61.8% retracement = 147-61=$86
Retracement in crude is about to get over.Max downside may be btw $86-97.5. Currently crude is highly oversold. But sell signal technically.
