Crude Oil managed to hit a drop as traders await updates on a potential US-Iran peace deal that would reopen oil flows through the Strait of Hormuz.
As we see over the chart, the market is facing a chance for a trading zone between support 84.20-85.20 and resistance 96.90.
Below 84.20 more of a drop could hit the market while trend support at 80.50 could lead to another rebound.
Above 96.90 more advance toward 106.00 could hit the market.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 84.20-85.20 | 96.90 |
| LEVEL2 | 80.50 | 101.00 |
| LEVEL3 | 76.00 | 106.00 |