Crude Oil dropped last Friday to print a 68.15 low closing from our support trend line.
The market faces resistance around 71.20-60 and if prices keep hold below it, the chance for another drop toward 67.25-60 zone is likely, which in turn could activate a new uptrend wave toward 73.45 and above.
Above 71.60 will be a sign of further strength which could push for an advance toward 73.45 and higher.
Below 67.25 more of a drop toward 65.50 could hit the market.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 68.45 | 70.30 |
| LEVEL2 | 67.25-60 | 71.20-60 |
| LEVEL3 | 65.50 | 73.45 |
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