As we see over the chart, Crude Oil is facing resistance around 63.60-65.10 where the market managed to test early this week before moving towards the 54.90 levels.
As long as this resistance zone 63.60-65.10 holds, the drop wave could sustain toward 50.00-50.
Above 65.10 more advance will be expected toward 69.80.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 58.40 | 61.90 |
| LEVEL2 | 56.15 | 63.60 |
| LEVEL3 | 54.85 | 65.10 |