We still hold our previous outlook over Crude Oil.
The market managed to fall below the support of 61.25 as expected, while the target is still toward 59.50.
Intraday resistance is at 62.70-63.35, while as long as the market holds below it, the downward movement could continue.
Above 63.35, more of a rebound will be expected with resistances at 64.45 and 66.30.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 59.50 | 62.70-63.35 |
| LEVEL2 | 57.60 | 64.45 |
| LEVEL3 | 55.20 | 66.00-30 |
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