Crude Oil moved above the resistance of 63.50 yesterday while as we see over the chart, the market is still trading below the downtrend resistance which is now around the 64.30-60 zone.
As long as the market holds below this resistance, the downtrend pressure could sustain towards the 59.50 target.
Above 65.80 more advance will be expected with resistances at 67.20 and 70.20.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 61.25-50 | 64.30-60 |
| LEVEL2 | 59.50 | 65.80 |
| LEVEL3 | 57.60 | 67.50 |