Our previous outlook for crude oil still stands
As shown on the chart, the market is still holding above the 85.40–60 support zone.
If prices stay above this area, a move up toward 102.20 may start at any time, especially with the fragile situation between Iran and Israel.
A break below 85.40 could lead to more downside, while support at 79.00 may trigger a corrective rebound.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 85.40-60 | 92.00 |
| LEVEL2 | 79.00 | 95.15 |
| LEVEL3 | 76.00 | 99.00 |
