Crude oil has erased its wartime gains, settling near the critical $68.00 support zone.
Crude Oil managed to erase all war-time gains to closing towards the 68.00 zone.
As we see over the chart, the market could find support around 67.00-68.00, which could cause a rebound that could lead towards the 79.20 resistance.
Below 67.00 a chance for a further drop wave towards 55.00 could hit the market.
SUPPORT | RESISTANCE | |
LEVEL1 | 67.00-68.00 | 70.85 |
LEVEL2 | 63.60 | 73.00 |
LEVEL3 | 60.90 | 76.50 |
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