Crude Oil printed a low of 72.30 yesterday while maintaining trades above the key support level of 72.00-20, which may pave the way for another advance.
As long as the market holds above the 72.00-20 support zone, we expect an advance toward 77.20-40 and possibly 78.80.
If the market drops below 72.00, further declines may occur, with support around 69.50-70. The intraday resistance is at 74.50-70.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 72.00-20 | 74.50-70 |
| LEVEL2 | 69.50 | 75.70 |
| LEVEL3 | 66.70 | 77.20-40 |
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