Crude Oil managed to hit below 70.00 support which may be the first sign of a new downtrend wave
As we see over the chart this scenario ecpecting that one of tow resistences may push the oil toward big drop correction toward 64.00-50 zone
Above 72.20 more advance may hit the market toward 74.00 zone
| Support | Resistance | |
| Level 1 | 69.80 | 71.20 |
| Level 2 | 69.20 | 72.00-20 |
| Level 3 | 68.00 | 74.00 |
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