Technical Analysis: Crude Oil
Crude Oil managed to pass above the resistance at 64.00-20 yesterday, which could push for a further advance as the market faces resistance around 65.80.
If prices fail to break above 65.80, this could lead for another drop.
However, Intraday shows support around the 63.20-80 zone, where as long as the market holds above, the advance signals will sustain.
Below 63.20 more pressure could affect the market to test the 61.60-62.00 support zone.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 63.20-80 | 65.80 |
| LEVEL2 | 61.60-62.00 | 67.20 |
| LEVEL3 | 59.50 | 70.20 |
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