Crude Oil dropped rapidly after the US and Iran agreed to a two-week ceasefire.
As we see over the chart, the market is facing a support zone at 86.10-84.20 which could give the chance for a trading zone towards the 93.00-60 resistance.
Above 93.60 more advance could hit the market with resistances at 96.60 and 101.00.
Below 84.20 more of a drop is expected with supports at 81.00 and 76.00.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 86.10-84.20 | 93.00-60 |
| LEVEL2 | 81.00 | 96.60 |
| LEVEL3 | 76.00 | 101.00 |