Crude Oil managed to meet the target of 69.20-50 and managed to fall below that support. Prices are closing into the second target of 66.80.
As we see over the chart, prices are facing support around 66.80-67.00 which could push for a rebound toward 69.50 and 71.25. Below 66.80 more of a drop could hit the market with support at 64.75.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 66.80-67.00 | 69.50 |
| LEVEL2 | 64.75 | 71.25 |
| LEVEL3 | 63.30 | 72.00-50 |