Technical Analysis: Crude Oil - Wednesday, Jan. 28
Oil held the trading zone between support 58.80 and resistance 62.60.
Prices are closing again to the target and resistance of 62.60.
As we see over the chart, above 62.60 more advance will be expected toward 64.50 and 66.15.
Below 57.50 more of a drop toward 55.60 will be expected.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 58.80 | 62.60 |
| LEVEL2 | 57.50 | 64.50 |
| LEVEL3 | 55.60 | 66.15 |
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