Crude Oil failed for the second time to obtain a daily close above the resistance 83.60, while maintaining prices below the downtrend line as we see on the chart.
This action could lead to a correction with supports starting at the 80.00 levels. This could push for another advance to break above 83.60.
Below 80.00, more of a drop toward 77.50 will be expected with the main support at around the 76.00-50 zone.
A daily close above 83.60 could activate a further advance toward 87.20.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 81.60 | 83.60 |
| LEVEL2 | 80.00 | 85.50 |
| LEVEL3 | 77.50 | 87.20 |
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