Crude Oil fell below the support of 61.25 as expected while targeting towards 59.50.
Intraday resistance is at 62.70-63.35 while as long as the market holds below it, the downward movement could continue.
Above 63.35, more rebound will be expected with resistances at 64.45 and 66.30.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 59.50 | 62.70-63.35 |
| LEVEL2 | 57.60 | 64.45 |
| LEVEL3 | 55.20 | 66.00-30 |
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