Crude Oil hit a rebound correction before testing the support trend at 70.00-50.
As we can see from the chart, the market is closing in on the resistance zone of 76.00-50. If prices are below the said area, there is a chance for another drop toward 70.00-50, which could hit the market.
Above 76.50, more of an advance will be expected, with resistance around 80.40.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 75.00 | 76.00-50 |
| LEVEL2 | 73.80 | 78.50 |
| LEVEL3 | 72.50 | 80.40 |
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