Our previous chart shows that Crude Oil rebounded before testing the support trend at 70.00-50.
The market is closing in on the resistance zone at 76.00-50, where if prices hold below, a chance for another drop towards 70.00-50 could happen.
Above 76.50, more 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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