Our previous outlook for Crude Oil still stands as the market managed to test the resistance zone 94.30 today while traders watch the progress with negotiations between Iran and the USA.
Intraday shows the chance for a trading zone between support 85.40-60 and resistance 94.30.
Above 94.30 the advance could expand toward 102.20.
Below 85.40 more of a drop could hit the market while the short term support zone remains at 76.00-79.00.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 85.40-60 | 94.30 |
| LEVEL2 | 79.00 | 102.20 |
| LEVEL3 | 76.00 | 103.60 |