Crude Oil managed to meet the first target at 93.00 and is closing in on the second target at 95.35.
As we see over the chart, the market is facing resistance around 96.35, where as long as prices remain below it, a chance for another drop towards the 88.00-89.00 zone is likely.
Above 96.35, more advance toward 98.50 and 101.35 is likely.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 91.00 | 96.35 |
| LEVEL2 | 88.00-98.00 | 98.50 |
| LEVEL3 | 86.00 | 101.35 |
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