Crude Oil moved lower after a report on the proposed release of oil reserves to ease higher energy prices.
As long as U.S administrators can convince traders that the war in Iran will end soon, prices could hold between 71.00 and 87.00.
However if the market advances above 89.50, this could lead to a further advance.
Crude Oil will be sensitive to US administrators comments and how long they can convince markets on their side of the story.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 78.70 | 87.50-89.50 |
| LEVEL2 | 76.00 | 94.50 |
| LEVEL3 | 73.80 | 101.50 |