Crude Oil also managed to open trades this week with a price gap and managed to hit the 74.60 level before the market dropped and covered the gap.
Crude Oil remains under pressure toward 68.35.
We adjusted the key resistance level to be around 74.30-60, where as long as the market holds below it the drop pressure will sustain.
Above 74.60 more advance will be expected
The first Intraday resistance is at 72.90.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 70.60 | 72.90 |
| LEVEL2 | 69.15 | 74.30-60 |
| LEVEL3 | 68.35 | 76.40 |
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