We still hold our previous model as last week where 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 | 70.50 | 72.90 |
| LEVEL2 | 68.35 | 74.30-60 |
| LEVEL3 | 66.60 | 76.40 |
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