Crude Oil has maintained its upward momentum, surpassing the 74.20-50 resistance yesterday.
Current support is around 73.40-50; as long as the market stays above this level, bullish movement is likely to continue, with resistances at 75.70 and the 77.20-40 range.
A drop below 73.40 could retest the 72.00-20 support zone, and below 71.20 may lead to further declines toward 69.70.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 73.40-50 | 75.70 |
| LEVEL2 | 72.00-20 | 77.20-40 |
| LEVEL3 | 71.20 | 78.80 |
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