I have entered LONG trade from 46.70
And the target was 68.00.
Today we have reached the critical point again.
Crude will retest 66.40-66.60 regions.
Weak USD is helping Crude’s move.
However, rising US production and inventories limit the upside move.
If Crude breaks and makes a few closings above 66.60, 67.18 and 68.00 levels will be the next targets. If fails to break above, 65.60, 64 and 62.50 will be the targets.
DXY will play an important role in the prices.