Technical Analysis: Crude Oil - Wednesday, Oct. 22
Crude Oil broke above the resistance at 57.60 which could push for an advance.
As we see over the Intraday chart, the market is facing a support zone at 56.70-90. If prices remain above the mentioned support zone, more advance toward 59.80-60.25 will be expected.
Below 56.70, the downtrend pressure could return.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 56.70-90 | 58.70 |
| LEVEL2 | 55.00-30 | 59.80-60.25 |
| LEVEL3 | 52.50 | 62.55 |
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