Crude Oil managed to retreate from the resistance of 79.20-60 and managed to meet the first target of 76.40. Prices are now closing to the second target and support of 74.75.
Should prices hold above 74.75, a rebound correction movement toward 76.75 could hit the market.
Below 74.75 more of a drop could hit the market toward 68.35.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 74.75 | 75.80-95 |
| LEVEL2 | 72.00-30 | 77.20-60 |
| LEVEL3 | 68.35 | 78.60 |
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