We still holding our previous outlook for Crude Oil
Market managd to met target 66.15 Last Friday
Market managed to retreat on tension fade between U.S and Iran at least for now while managed to re-test support channel around 62.50
As the tenssion between US and Iran may back anytime the Oil market may face some up and down ovements
As we see over the previous chart , market may hold this uptrend channel as long as market holding support 60.00-61.00 intact
resistance zone 66.15 may open the door for farther advance toward 70.00
Below 60.00 the drop pressure may back over Oil while supports at 57.00 and 55.60
| SUPPORT | RESISTANCE | |
| LEVEL1 | 62.10 | 65.35 |
| LEVEL2 | 60.90 | 66.35 |
| LEVEL3 | 58.95 | 68.30 |