Crude Oil fell as President Donald Trump signalled the Iran war may be nearing an end.
As we see over the Intraday chart, the market is facing a support trend around the 80.00-81.00 zone, which prices managed to test yesterday.
As long as the market remains above this support, a rebound could hit the market towards 93.30 and 101.50.
Below the 80.00 zone, more of a drop towards 73.80 is likely.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 85.00 | 89.50 |
| LEVEL2 | 80.00 | 93.30-94.50 |
| LEVEL3 | 76.00 | 101.50 |