Crude Oil surpassed key downtrend resistance, opening the door for an advance toward targets of $93.00 and $95.35.
Crude Oil passed above the downtrend resistance which could be the first sign of more advance.
As we see over the chart, the market faces supports at 88.70 and 86.00-50 where each support could activate an advance wave towards the 93.00 and 95.35 levels.
Below 86.00 more of a drop toward 82.00 is likely.
SUPPORT | RESISTANCE | |
LEVEL1 | 88.70 | 93.00 |
LEVEL2 | 86.00-50 | 96.35 |
LEVEL3 | 82.00 | 98.50 |
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