Crude Oil tested the support zone at 71.50-99 and rebounded to meet the targets of 74.20 and 75.80.
As we see on the chart, prices show a support trend around 71.50-and if prices hold above it, another advance toward 80.50 will be expected.
Intraday levels show support around 74.50-90 and await the daily close to be above or below the 75.80 level.
Intraday resistances is at 77.35 and 78.80.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 74.50-90 | 77.35 |
| LEVEL2 | 72.70 | 78.80 |
| LEVEL3 | 71.50 | 80.50 |
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