Technical Analysis: Crude Oil - Wednesday, Dec. 10
Oil managed to pass above the first resistance of 59.00 as prices still face a downtrend resistance around 60.10.
As we see over the chart and as long as the market holds below the above levels, another drop toward 57.60-80 could hit the market.
Above 60.10-30 more advance toward resistance 62.60 will be expected.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 57.05 | 59.00-45 |
| LEVEL2 | 56.00 | 60.10-30 |
| LEVEL3 | 54.80 | 62.60 |
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