Crude Oil managed to break above the resistance of 72.50 while market managed to meet the target of 75.25 and above.
As we see over the chart, the market is facing a resistance trend around 76.00-30, where the market managed to test today. If prices keep holding below this zone, then a drop correction could hit the market toward the 72.00-50 zone.
Above 76.30 the market could activate another advance wave with resistances at 77.95 and 78.80.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 72.00-20 | 76.00-30 |
| LEVEL2 | 7.90 | 77.95 |
| LEVEL3 | 68.35 | 78.80 |
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