Crude Oil printed a low below 100 before rebounding.
As we see from the chart, the advance wave is still ongoing while more highs are likely if prices hold above the second support zone of 95.40-96.35.
Below this zone, more of a drop toward 90.50 is likely.
| SUPPORT | RESISTANCE | |
|---|---|---|
| LEVEL1 | 100 | 105.20 |
| LEVEL2 | 95.40-96.35 | 108.55 |
| LEVEL3 | 90.50 | 115.75 |