Crude Oil met the target of 66.80-67.00 while managing to hit a rebound toward the 69.25 zone before market retreated again.
We still hold onto our previous outlook that as long as the market keeps holding above 66.80, then a rebound movement toward 69.50 and 71.25 will be expected.
Below 66.80 more of a drop could hit the market with the second support at 64.75.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 66.80-67.00 | 69.50 |
| LEVEL2 | 64.75 | 71.25 |
| LEVEL3 | 63.30 | 72.00-50 |
|
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