Crude Oil started free falling after the US trade war began.
As we see on the daily chart, prices still face pressure even though the market is trading inside an oversold zone now.
If prices remain below the 65.05-50 resistance zone, more of a drop to test the 57.20-50 support will be expected which could activate a rebound.
Prices so far managed to fall toward 58.90.
Above 61.55 more advance will be expected with resistance at around 63.65 which could push for another drop.
Above 63.65 more advance toward 65.05-50 could hit the market.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 58.90 | 61.55 |
| LEVEL2 | 57.20 | 63.65 |
| LEVEL3 | 55.20 | 65.05-50 |
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