Crude Oil managed to meet the target 83.00-60 zone and retreated as expected.
If prices remain below 83.60, a correction could hit the market with supports at 82.30 and 80.00.
Above 83.60, the market could head for further advance toward 85.50.
Below 80.00, more of a drop toward 77.50 will be expected
Intraday levels show the chance for trading zone between support 80.00 and resistance 83.60.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 82.00-30 | 83.60 |
| LEVEL2 | 81.30 | 85.50 |
| LEVEL3 | 80.00 | 87.20 |
|
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