Following today’s de-escalation headlines, price has rallied back up to the key yellow line which was the critical support level outlined in my last post (“First Target”): 
This level is not to be taken lightly. In my post prior to the last, I outlined how this would be a key level that would come into play with the current trend. You can view that idea here:
Since price has been trading below this level, old support could now be acting as new resistance. How price interacts with this level over the remainder of the week will be extremely important to monitor.
If daily candles begin closing below this level and bears reclaim the trend, the focus shifts back to the white box sitting slightly above $6,000 and the lower green box outlined in this post:
However, if bulls are able to reclaim this level then the 100EMA is the next level where bears might target as a potential lower high level.
Trump is set to speak after market hours tomorrow regarding the Iran war. Whatever is said will likely have a significant impact on price action heading into Thursday’s trading session. This makes tomorrow’s close and Thursday’s open two of the most important price points to watch with how the market structure develops around this level.