Oil managed to meet the target of 54.80 which caused a rebound to test today the 57.05 resistance.
As we see over our previous chart, the market is facing a trading zone between support 54.80 and resistance 57.05.
Above 57.05 more advance to re-test the 59.00 resistance could hit the market.
Below 54.80 more of a drop toward 50.50 is likely.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 54.80 | 57.05 |
| LEVEL2 | 52.50 | 59.00 |
| LEVEL3 | 50.50 | 60.10-30 |
![Credit Card 160×600 [EN]](https://assets.iorbex.com/blog/wp-content/uploads/2023/06/13144507/Blog-Banner_EN-Banner_160X600X2.webp)
