Oil broke above the 64.80 resistance to meet the target at 66.90.
Prices managed to jump fast on the Middle Eastern conflict to hit a 75.25 high.
With the market being on the over bought zone, prices managed to push for a correction toward the first support at 69.75. This is still holding the market so far which could create a trading zone toward 75.00.
Below 69.75 the correction could expand toward 67.60.
Above 75.25 the market could add more advance while traders need to be careful as in this situation, the Oil will be in the over bought zone which could push for fast correction.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 69.75 | 75.25 |
| LEVEL2 | 67.60 | 79.60 |
| LEVEL3 | 64.80 | 83.20 |
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