As we see over the chart
Oil created downtrend channel which if managed to control market more drop yet to come
As long as market holding below resistance 65.80 and 66.40-60 more drop will be expected toward 62.90 zone
Above 66.60 market may heda for farther rebound correction toward 68.50 zone
| Support | Resistance | |
| Level 1 | 64.00 | 65.80 |
| Level 2 | 62.90 | 66.40-60 |
| Level 3 | 61.50 | 68.50 |